Description: Nokia, once the leading maker of mobile phones, had abandoned the mobile phone business in 2013 after selling its handset business to Microsoft; however, Nokia’s CEO, Rajeev Suri, indicated that Nokia may well be planning a comeback. Source: BNN Date: August 10, 2015 Text Link: http://www.bnn.ca/News/2015/8/10/Back-to-the-future-Nokia-prepares-for-mobile-comeback.aspx Questions for Discussion: Why did Nokia exit the… Read more »
Posts Tagged: Restructuring Strategies (p217)
Future Shop Closes Stores
Description: Future Shop, a consumer electronic retail giant, is closing its stores, resulting in 1,500 job losses. Future Shop is closing 66 stores immediately, and the remainder 65 will turn into Best Buy outlets. Source: CBC Date: March 28, 2015 Video and Text Link: http://www.cbc.ca/player/News/Business/ID/2661222339/ Questions for Discussion: What are the reasons for this closure? Why are… Read more »
Tim Hortons lays off 350 workers
Description: Tim Hortons confirmed that it laid off 350 people – these job cuts came mainly at Tim Horton’s headquarters and regional offices. Employees mentioned that they did not see these job cuts coming and were blindsided, especially because when Burger King acquired Tim Hortons last year, there were no indication of job cuts. Source:… Read more »
Blackberry to sell most of its Canadian real estate
Description: To generate cash to help turnaround the company, Blackberry has reached an agreement to sell most of its real estate in Canada: this includes more than 3 million square feet of space. This sale will generate nearly $550 million. Source: Financial Post Date: March 21, 2014 Link: http://business.financialpost.com/2014/03/21/blackberry-ltd-reaches-deal-to-sell-most-of-its-canadian-real-estate/?__lsa=1d59-37d4 Questions for Discussion: What will become… Read more »
A Marathon Split
Marathon Oil, with operations throughout the United States and Canada, will soon be two companies. The move has been in the works for nearly two years, but low oil and gas prices kept the company from making it until now. Marathon Petroleum will be responsible for refining operations. Marathon Oil will focus exploration and production…. Read more »