Read more restructuring stories on Newserhttp://www.newser.com/taggrid/9423/restructuring.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 11:53:18 CSThttp://www.newser.com/story/73209/johnson-johnson-to-slash-8700-jobs.html?utm_source=syn&utm_medium=rss&utm_campaign=tagJohnson & Johnson will cut 7% of its workforce—some 8,400 jobs—and make other other restructuring moves in order to save up to $900 million next year. The New Brunswick, NJ, company says it will also simplify its business structure in order to achieve savings that will add...http://www.newser.com/story/73209/johnson-johnson-to-slash-8700-jobs.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 03 Nov 2009 8:56:08 CSThttp://www.newser.com/story/72246/rattner-why-i-fired-gms-wagoner.html?utm_source=syn&utm_medium=rss&utm_campaign=tagBarack Obama's former car czar says he had no choice but to fire GM's Rick Wagoner. "Everyone knew Detroit's reputation for insular, slow-moving cultures," Steven Rattner writes in an essay for Fortune . "Even by that low standard, I was shocked by the stunningly poor management that we found, particularly at...http://www.newser.com/story/72246/rattner-why-i-fired-gms-wagoner.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 21 Oct 2009 15:33:02 CDThttp://www.newser.com/story/65105/ford-shocks-street-with-23b-profit.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFord surprised the markets today by posting a $2.3 billion quarterly profit, thanks mostly to debt restructuring actions, Reuters reports. The result beat estimates and represents Ford's first good quarter in more than a year; this time in 2008, the automaker lost $2.7 billion. But the global downturn...http://www.newser.com/story/65105/ford-shocks-street-with-23b-profit.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 23 Jul 2009 6:39:03 CDThttp://www.newser.com/story/63631/judge-greenlights-gm-asset-sale.html?utm_source=syn&utm_medium=rss&utm_campaign=tagGM has won approval for a restructuring plan in which the car maker will sell its most valuable assets to a new firm—also called GM—owned by the US and Canadian governments and a UAW health care trust, the New York Times reports. Judge Robert Gerber agreed with GM...http://www.newser.com/story/63631/judge-greenlights-gm-asset-sale.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 06 Jul 2009 1:44:15 CDThttp://www.newser.com/story/59913/gm-borrows-another-4b-from-feds.html?utm_source=syn&utm_medium=rss&utm_campaign=tagGeneral Motors has borrowed another $4 billion from the Treasury ahead of its June 1 deadline to restructure or face bankruptcy, the Wall Street Journal reports. A statement from the automakers said the loan, which brings the total borrowed to nearly $20 billion, is "to maintain adequate liquidity" during restructuring...http://www.newser.com/story/59913/gm-borrows-another-4b-from-feds.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSat, 23 May 2009 6:09:53 CDThttp://www.newser.com/story/57327/gm-to-cut-21k-us-factory-jobs.html?utm_source=syn&utm_medium=rss&utm_campaign=tagGeneral Motors will cut 21,000 US factory jobs by next year, phase out its Pontiac brand, and ask the government to take company stock in exchange for half of GM's government debt as part of a major restructuring effort needed to get more government aid, the firm said today....http://www.newser.com/story/57327/gm-to-cut-21k-us-factory-jobs.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 27 Apr 2009 8:53:21 CDThttp://www.newser.com/story/56022/gm-aims-for-fastest-possible-bankruptcy.html?utm_source=syn&utm_medium=rss&utm_campaign=tagGeneral Motors is in high gear, the New York Times reports, prepping for a possible bankruptcy that would allow the company to reorganize and emerge from protection in as little as 2 weeks. Since the Treasury Department instructed the automaker to prepare for a bankruptcy filing by June 1, in...http://www.newser.com/story/56022/gm-aims-for-fastest-possible-bankruptcy.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 13 Apr 2009 7:40:00 CDThttp://www.newser.com/story/54844/gm-will-drive-obama-off-cliff-brooks.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFor decades, General Motors hasn’t been so much in the automaking business, David Brooks writes in the New York Times , as “in the restructuring business.” And for just as long, presidents have sought to push bankruptcy into the future. By getting serious, though, “the Obama administration and the Democratic Party...http://www.newser.com/story/54844/gm-will-drive-obama-off-cliff-brooks.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 31 Mar 2009 8:36:08 CDThttp://www.newser.com/story/54540/gm-to-miss-restructuring-deadline-win-extension.html?utm_source=syn&utm_medium=rss&utm_campaign=tagGeneral Motors, about to miss its March 31 deadline for completing the cost-cutting restructuring plan it submitted to the government, is expected to get a 30-day extension, reports the Wall Street Journal . Though the UAW has agreed to shed 7,600 jobs at GM next week, and another 10,000...http://www.newser.com/story/54540/gm-to-miss-restructuring-deadline-win-extension.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 27 Mar 2009 7:35:32 CDT