Norwegian Air aims to restructure, sell planes & shares Norwegian Air has today proposed to convert debt to equity, offload planes and sell new shares in an attempt to survive the Covid-19 pandemic, which … Business • 03 Dec 20
Concern at Credit Union lending restriction levels The Central Bank has said it is concerned at the high level of credit unions which are still subject to lending restrictions. Business • 01 Feb 16
Deutsche Bank's investment bank slips to Q4 loss Deutsche Bank's chief executive John Cryan has urged investors to bear with him as he expects the overhaul of Germany's biggest lender to peak this … Business • 28 Jan 16
Job losses expected at Dublin office of GAM Swiss-based investment fund management company GAM has announced it will be reducing its global workforce by around 15% as part of a restructuring programme. Business • 14 Aug 15
Total mortgage arrears continue to slow in Q1 New figures from the Central Bank show that the overall number of mortgage arrears continued to fall in the first quarter of this year. Business • 04 Jun 15
EU Commission approves PTSB's restructuring plan European Union state aid regulators today approved Permanent TSB's restructuring plan after the bank pledged to raise net interest margins and sell low-yielding assets over … Business • 09 Apr 15
Fresh Greyhound restructuring may see job cuts Workers at the Greyhound waste disposal company have been told that they face further restructuring, which could include a number of redundancies. Business • 15 Jan 15
Malaysia Airlines to cut 30% of its workforce Malaysia Airlines will cut 30% of its workforce as part of a restructuring that will cost 6 billion ringgit ($1.9bn), majority investor Khazanah Nasional has … Business • 29 Aug 14
Eircom's losses grow on restructuring costs Eircom made a loss of €333m in its full year to the end of June as it incurred costs relating to its restructuring programme. Business • 29 Aug 14
Mediator makes recommendations on Ulster Bank Ulster Bank should initiate a voluntary redundancy programme for any future job cuts at the company, according to the recommendation of an independent mediator. Business • 07 Aug 14
BlackBerry dials up $423m Q4 loss BlackBerry made a loss of $423m in the fourth quarter of its 2014 fiscal year, with revenues plummeting, the firm said today. Business • 28 Mar 14
Sony steps up restructuring plans Sony has stepped up efforts to turn around its unprofitable electronics operations, quitting the personal computers business and splitting its TV division into a separate … Business • 06 Feb 14
One51 in 'robust position' since restructuring The CEO of investment company One51 has said the firm is in a better position than it has been for a number of years following … Business • 27 Jan 14
49,000 mortgages restructured by end of October More than 49,000 mortgages had been restructured by Irish banks by the end of October, according to data from the Department of Finance. Business • 12 Dec 13
INM placement to cut core debt to €118m Independent News and Media has announced details of its planned capital raising exercise, which will reduce its core debt to €118m. Business • 18 Nov 13
Pensions Board accepts IN&M's restructuring plan Independent News and Media's proposal to restructure its pension scheme has been accepted by the Pensions Board. Business • 11 Sep 13
RBS names new CEO as it returns to profit Royal Bank of Scotland today said that Ross McEwan, its head of retail banking, will succeed Stephen Hester as chief executive from October 1. Business • 02 Aug 13
Commerzbank lost €94m on restructuring Commerzbank said it lost €94m in the first quarter of this year after taking heavy charges for future job reductions as the bank tries to … Business • 07 May 13
Avon Cosmetics ceases trading in Ireland Avon Cosmetics has announced that it has ceased trading in Ireland as part of a company-wide cost cutting initiative. Business • 09 Apr 13
Receiver appointed to publisher of Irish Examiner A receiver has been appointed to the media group which owns the Irish Examiner as part of a complex restructuring of the company. Business • 06 Mar 13
PTSB's bad bank to have loan book of €12.5 billion The Government has announced its restructuring plan for Permanent TSB, which will be submitted to the EU before the end of June. Business • 26 Apr 12
