restructuring Archives - CFO

6 Steps to Prepare for the Next Restructuring Wave

6 Steps to Prepare for the Next Restructuring Wave

CFOs should take immediate action to ensure their businesses can weather financial distress.

By David G. Dragich | October 31, 2022

China Urges Repayment of Offshore Debt

Credit & Capital

China Urges Repayment of Offshore Debt

Beijing addressed concerns over bond defaults by Chinese property developers that "have spooked international investors."

By Matthew Heller | October 27, 2021

Help Employees Thrive During Disruption

Help Employees Thrive During Disruption

When employees feel they have no control over their futures or fear what comes next, productivity, innovation, and collaboration stall.

By Vanessa Akhtar and Laurin Parthemos | August 30, 2021

Out-of-Court Restructuring as a Viable Alternative to Chapter 11

Credit & Capital

Out-of-Court Restructuring as a Viable Alternative to Chapter 11

Under the right circumstances, an out-of-court restructuring is the best bet for an efficient, less costly process.

By David G. Dragich | July 22, 2021

Creditor Compositions — Cheaper Than Bankruptcy

Creditor Compositions — Cheaper Than Bankruptcy

Compared with an in-court proceeding, a creditor composition agreement is much less costly. Here’s how to execute one successfully.

By Kenneth A. Rosen | June 3, 2021

Coke to Cut 2,200 Jobs Amid Virus Slowdown

Coke to Cut 2,200 Jobs Amid Virus Slowdown

The company has been "trimming expenses and products amid the closures of restaurants, bars, movie theaters and sports stadiums that sell its drinks."

By Matthew Heller | December 18, 2020

3M to Cut 3% of Workforce Amid Virus Slowdown

3M to Cut 3% of Workforce Amid Virus Slowdown

The company's latest streamlining move will enable it to "deliver greater growth and productivity as global markets emerge from the pandemic."

By Matthew Heller | December 3, 2020

Danone Announces Job Cuts, Restructuring

Danone Announces Job Cuts, Restructuring

The consumer goods company says it is reshaping itself as a “local-first” organization.

By Vincent Ryan | November 23, 2020

Guitar Center Files Chapter 11 to Cut Debt Load

Credit & Capital

Guitar Center Files Chapter 11 to Cut Debt Load

The COVID-19 pandemic has plunged the retailer into a liquidity crisis that "could not be resolved through short-term measures."

By Matthew Heller | November 23, 2020

Ford Targets White-Collar Job Cuts in U.S.

Workplace Issues

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.

By Matthew Heller | September 2, 2020

Coca-Cola to Cut Workforce in Global Reorganization

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.

By Lauren Muskett | August 28, 2020

Men’s Wearhouse Owner Files for Bankruptcy

Credit & Capital

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.

By Matthew Heller | August 3, 2020

Noble Corp. Files Chapter 11 to Slash $4B in Debt

Credit & Capital

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.

By Matthew Heller | August 3, 2020

Briggs & Stratton Files Chapter 11 to Effect Sale

Credit & Capital

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.”

By Matthew Heller | July 20, 2020

Nielsen to Exit Businesses, Cut 3,500 Jobs

Nielsen to Exit Businesses, Cut 3,500 Jobs

“These restructuring actions will further expedite our transformation to a more efficient, agile, and scalable organization."

By Matthew Heller | July 7, 2020