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The annual report of General Electric showed that the American corporation in 2018, carrying out the restructuring of operations, sold a number of assets and reduced the number of staff by 30 thousand to 283 thousand. This figure was the lowest in the last 10 years. The excess production capacity of the energy division caused the sale of part of its operations to private equity funds, which led to a reduction in the number of its employees by 24,000. In addition, staff at General Electric headquarters were cut. At the end of last year, the company's debt amounted to 110 billion dollars, having decreased from 134 billion 600 million dollars in 2017. The management of the company plans this year to further reduce the debt through the sale of assets. Therefore, in 2019 its staff will continue to decline.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
Tesla Inc.’s (TSLA) Chief Executive Officer Elon Musk announced on Thursday that Wall Street’s most controversial stock might join the S&P 500 after the company’s market value has risen from $50 billion to more than $250 ...
On Monday, Fujitsu Ltd. (6702.T) announced that it would halve its office space in Japan by March 2023 as it pushes for its 80,000 employees to work remotely amid the coronavirus outbreak. The IT solutions company said that its employees would ...
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