Thursday 24 April 2014
 
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Restructure

Consultation to revamp Tamkeen training underway

A two-day consultation is underway which marks the start of a massive restructuring process that will change the way one of Bahrain's leading training providers will operate.   Tamkeen has invited business le

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Dubai World prepays $284m to creditors

Dubai World, one of the emirate's big state-owned conglomerates, has prepaid $284.5 million to creditors under its $25 billion debt restructuring plan, sources familiar with the matter said on Wednesday. The conglomerate obtai

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Thomas Cook to cut 2,500 jobs in UK

British travel firm Thomas Cook said it would cut 2,500 jobs from its UK workforce as part of its plans to restructure the business. Most of the job losses would be in back-office functions and its retail network, and would involv

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Al Jaber, top creditors agree debt terms: sources

Abu Dhabi conglomerate Al Jaber Group has agreed on terms to restructure nearly $4.5 billion in debt with its main creditors, three sources said on Tuesday, with final approval from other lenders expected to end talks which have dragged on for o

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Gulf Air goes ahead with redundancy plan

Bahrain’s national carrier Gulf Air has officially notified staff facing redundancy about its plan to proceed with the decision, effective from Wednesday, as part of the company’s restructuring scheme. It has set Wednesday a

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Gulf Air goes ahead with redundancy plan

Bahrain’s national carrier Gulf Air has officially notified staff facing redundancy about its plan to proceed with the decision, effective from Wednesday, as part of the company’s restructuring scheme. It has set Wednesday a

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Gulf Air restructuring ‘on right course’

Bahrain's national carrier Gulf Air, which announced a major restructuring plan in December, remains on course to deliver on its strategic goals of effective fleet and resource utilization, a report said. In a statement last n

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New Gulf Air payout packages hit snag

  Unionists at Gulf Air say they have rejected improved redundancy packages, reportedly put on the table for staff with open-ended contracts, during talks with Labour Ministry representatives.   The

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Barclays to axe 3,700 jobs in overhaul

  Barclays is to axe at least 3,700 jobs and prune its investment bank, under a restructuring plan launched by its new chief executive which seeks to cut 1.7 billion pounds ($2.7 billion) in annual

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Gulf Air unions seek higher payout on layoffs

Trade unions of Bahrain’s national airline Gulf Air have launched a petition calling for additional benefits for Bahrainis made redundant as part of a restructuring plan, a report said. The airline has already launched a vol

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