Mozambique Cut by Moody’s on Heightened Restructuring Risks
Moody’s Ratings cut its assessment of Mozambique’s creditworthiness deeper into junk, citing increased risk that the gas-rich southeast African nation will restructure its sole eurobond.
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3 matching records found
Moody’s Ratings cut its assessment of Mozambique’s creditworthiness deeper into junk, citing increased risk that the gas-rich southeast African nation will restructure its sole eurobond.
Europe's biggest carmaker has put a price on its reinvention: 16 billion euros for 100,000 total job cuts and a smaller industrial footprint. What it means for Latin America. The post Volkswagen Restructuring: US$18.6 Billion Earmarked for Cuts and Plants appeared first on The Rio Times.
Volkswagen's supervisory board backed a restructuring that calls for 50,000 additional job cuts, far fewer models and a smaller industrial footprint. The new staff cuts represent about 8% of VW’s global workforce as of the end of last year. Bloomberg's Danny Lee reports. (Source: Bloomberg)
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