The restructuring was described as the ‘most significant’ organisational overhaul in its 24-year history
restructuring
Latest in restructuring
layoff
Snapchat to layoff more than 1,200 employees in a desperate attempt to reduce cost
Popular social media platform supposedly impacted by deteriorating economic conditions
financial advisory
Mideast restructuring scene gets more crowded with Teneo’s entry
Backed by CVC Capital Partners, Teneo already employs 80 people in the Middle East in areas such as risk advisory, communications and management consulting, with offices in Dubai, Doha and Riyadh
business strategy
Resurrection: The sustainable turnaround approach for latent zombies
This second of the two-part series examines zombie companies, their impact on stakeholders and the overall economy, as well as suggestions on what actions stakeholders should take to achieve a sustainable turnaround for a latent zombie and a path to future growth
Drake & Scull International
Creditors of Dubai’s Drake & Scull set to vote on restructuring plan by end of April
Contracting major holds meetings with creditors to present its plan for the future
Alixpartners
Why global restructuring firms are embarking on Gulf hiring spree
Companies are anticipating a spate of turnaround work as companies succumb to the coronavirus pandemic