Samsung still searching for direction, a year after Lee Kun-hee’s death

Monday marks the first anniversary of Lee Kun-hee, Samsung and its flagship unit Samsung Electronics chief, one of South Korea’s largest conglomerate.

Highlights

• It has been a year since Lee Kun-hee passed away
• Lee Jae-yong is the new ...

TOSHIBA CORP. TO PULL OUT OF LSI CHIP BUSINESS

Highlights –

• Toshiba Corp. to pull out of LSI chip business.
• Toshiba is currently restructuring its company, offering job relocations and early retirement.
• Toshiba estimated the costs of the early retirement program to be around 11.8 ...

EARLY RETIREMENT FOR UP TO 600 WORKERS AT MITSUBISHI MOTORS CORP.

Highlights –

• Early retirement for up to 600 workers at Mitsubishi Motors Corp.
• The automaking company is considering the process to start from mid-November.
• The move comes as a part of the company’s restructuring plan.

BRITISH ROYAL MAIL REPORTS 31% FALL IN ANNUAL PROFITS; JOB CUTS

Highlights –

• Restructuring plans are being made by the British Royal Mail.
• It will change around 2,000 management roles; job cuts.
• The company reported a 31% fall in annual profits.
• It is also cutting down around $373 milli...

In the midst of corporate restructuring, Walmart India removes 56 people

Walmart Inc's Indian arm could be in for some serious downsizing in the coming days as news emerges from the company's parting ways with 56 of its staff at Gurugram headquarters. Most of those who have been laid off are Vice President rank, although the list also contains lower-level empl...

Times are hard for Japan: increased unemployment, employment with AI, infrastructure collapsing

Japan Inc is stuck and, Shukan Gendai (Dec 7-14) worries, its engine problems may be irreversible.

Now nobody wants sad news. It's a pleasant season: the old ring out whereas the new ring in. And this year's rewards are up–well, way up; very similar to a record that has no...

Hitachi learns from substantial loss

After reporting a massive loss 10 years ago, Hitachi, Ltd. has been actively involved in corporate restructuring. President Toshiaki Higashihara shares his dream for the business for this instalment of Leaders, a column of corporate management and senior executives.

Hitachi's net lo...

NCLT orders Aviva Insurance insolvency proceedings

In a case filed by Apeejay Trust, the National Company Law Tribunal ordered insolvency proceedings against Aviva Life Insurance.

A two-member NCLT Delhi bench consisting of Justice R D Khare and Sumita Purkayastha allowed the complaint against Aviva Life Insurance and also named a quali...