The Post Office collapsed into the arms of business rescue practitioners on Monday, a form of bankruptcy protection, with a plan that puts 7,000 jobs on the line to save more than R1.3bn in annual salaries.
The Post Office joins a string of state-owned entities such as SAA, Mango and SA Express tumbling into business rescue — a court-ordered process that halts payments while turn- around specialists structure the business to save it before usually paying creditors a small percentage of what they are owed...
Portugal Últimas Notícias, Portugal Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Postbank stands to lose R3.5bn as Post Office pleads for business rescueFate of Post Office raises question over plan to be a fully fledged bank
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »
Fonte: mybroadband - 🏆 11. / 67 Consulte Mais informação »
Fonte: TheCitizen_News - 🏆 6. / 75 Consulte Mais informação »
Fonte: ReutersAfrica - 🏆 31. / 53 Consulte Mais informação »