Tag: Corporate Strategy
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Nestlé to axe 16,000 jobs as new chief targets growth
Nestlé announces substantial job cuts to speed up growth Nestlé, the world’s largest food and beverage company, said it will cut about 16,000 jobs over the next two years as part of a broader push to reduce costs and accelerate sales growth. The plan includes roughly 12,000 positions in white-collar professional roles and about 4,000…
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Genting Bids RM6.74 Billion to Privatize Genting Malaysia, Consolidating Casino Arm
Genting Announces Conditional Cash Offer to Take Genting Malaysia Private In a move to consolidate control over its casino and hospitality arm, Genting Group has unveiled a conditional cash offer to acquire the remaining Genting Malaysia shares it does not own. The bid, valued at RM6.74 billion (about S$2.1 billion), was disclosed on October 13…
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Infosys Announces Unprecedented Share Buyback Program
Introduction to Infosys’ Share Buyback Program Infosys, a global leader in technology services, has announced a significant share buyback program, marking an unprecedented move in the company’s history. This initiative aims to enhance shareholder value and demonstrate the company’s commitment to rewarding its investors. The program is pending shareholder approval, set to unleash substantial benefits…
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Teck Resources and Anglo American Announce Major Merger
Teck Resources and Anglo American Merger: A New Era in Mining In a groundbreaking move for the global mining industry, Teck Resources Ltd. has officially announced its merger with Anglo American PLC. This merger, which is being touted as a “merger of equals,” is set to reshape the mining landscape, creating a combined entity valued…