Restructuring: latest news, insights and analysis | ESM Magazine

Estée Lauder Slashes Annual Profit Forecast, To Cut Jobs

MAC lipstick maker Estée Lauder slashed its annual profit forecast and announced a restructuring programme aimed at cutting about 3% to 5% of its wo...

P&G To Record Up To $2.5bn In Gillette Writedown, Operations Rejig

Procter & Gamble said it would record up to $2.5 billion (€2.3 billion) in charges over two fiscal years as it writes down the value of its Gillet...

Oatly Reports Revenue Growth Of 2.5% In Third Quarter

Swedish oat drinks maker Oatly has reported 2.5% year-on-year growth in revenue to $187.6 million in the third quarter of its financial year.

Juul Plans To Lay Off 30% Of Workforce In Cost-Cut Push, Source Says

Juul Labs is planning to lay off 30% of its workforce, a source familiar with the matter told Reuters, as the e-cigarettes maker aims to reduce its operati...

Beyond Meat Expects Sharper Growth In Second Half, Posts Smaller Loss

Beyond Meat said it expects sharper revenue growth in the second half of 2023 after reporting a smaller-than-expected quarterly loss on easing supply chain...

British American Tobacco South Africa Proposes Restructuring, 200 Jobs At Risk

The South African arm of British American Tobacco (BAT) is looking to restructure the business, a process that may affect about 200 jobs, following a furth...

Unilever Restructuring Announcement Reflects Broader Challenges Facing FMCG Firms: Analysis

Unilever's decision to cut its workforce by 1,500, while also making a number of changes to its leadership team, reflects the challenges facing consumer go...

Danone To Cut Fewer Jobs Than Initially Planned: Reports

French food group Danone has trimmed its restructuring plans, with estimated total job cuts now seen at around 1,600 globally versus a 2,000 figure announc...