Ford Targets White-Collar Job Cuts in U.S.
The automaker is aiming to trim at least 1,400 positions through voluntary buyouts as it continues to shift to electric and autonomous vehicles.
Coca-Cola to Cut Workforce in Global Reorganization
The company will offer voluntary layoff packages to about 4,000 workers in the U.S. and Canada.
Men’s Wearhouse Owner Files for Bankruptcy
Tailored Brands is the latest of more than 20 private and public retailers to have declared bankruptcy this year.
Noble Corp. Files Chapter 11 to Slash $4B in Debt
"The development of COVID-19 into a global pandemic erased any doubt as to whether Noble would be able to avoid bankruptcy,” the offshore rig operator said.
Briggs & Stratton Files Chapter 11 to Effect Sale
The gas engine maker was “losing money and burdened by large debts when the economic downturn caused by the coronavirus pandemic hit.”
Nielsen to Exit Businesses, Cut 3,500 Jobs
“These restructuring actions will further expedite our transformation to a more efficient, agile, and scalable organization."
Largest Pizza Hut Franchisee Files Chapter 11
NPC International has been dealing with “a perfect storm of problems” including coronavirus-related shutdowns, a massive debt load, and rising costs.
Cirque du Soleil Files for Bankruptcy
The company is also terminating about 3,500 employees who were furloughed in March.
Shale Oil Company Chesapeake Energy Files for Bankruptcy
The company said it will eliminate $7 billion in debt though the restructuring.
Skillsoft Files Chapter to Ease $2B Debt Burden
“While our core business remains strong, with attractive profitability and cash flow characteristics, our debt levels are too high."
Templar Energy Goes Bankrupt to Complete Sale
With its Chapter 11 filing, Templar is “joining a growing list of distressed operators amid the sharpest oil market downturn in recent memory.”