Reorganisation & Restructuring – Page 9

Daqri Recruits, but Lays Off, too

by Bob Raikes

Daqri, which has been working on AR for professional applications has recently recruited Seamus Blackley and ‘key members’ of his team from Heat Engine, LLC, a rapid prototyping and development laboratory. Blackley, a high …

Tags:Augmented Reality| Mobile Display Monitor| Recruitment & Appointments| Reorganisation & Restructuring| Vol 24 - Issue 10

LG Moves European HQ to Germany

by Alan Spencer

In April last year, LG Electronics announced that it would move its existing European Headquarters from London to Germany (LG Relocates from UK to Germany). This was based on LG’s belief that Germany offered …

Tags:Large Display Monitor| LG Electronics (LGE)| Mobile Display Monitor| Reorganisation & Restructuring| Vol 24 - Issue 08

Asustek Refocusses Tablet Operations

by Alan Spencer

As highlighted in the Display Daily article, Asustek, Gigabyte Re-structuring”, Asustek is looking to get out of the tablet business by re-allocating R&D and sales staff to other business areas according to Digitimes in …

Tags:Asus| Mobile Display Monitor| Reorganisation & Restructuring| tablets| Vol 24 - Issue 07

Toshiba Wins Stay of Execution

by Bob Raikes

Toshiba has had a nightmare couple of weeks, with a $5 billion write down in its nuclear business threatening to kill the company. The firm is investigating sale of its memory and semiconductor businesses …

Tags:Large Display Monitor| Mobile Display Monitor| Reorganisation & Restructuring| toshiba| Vol 24 - Issue 06

Steljes Unable to Pay Creditors

by Yvette Raikes

UK AV distributor Steljes is yet to pay its unsecured creditors following administration (Steljes Creditors Unlikely to Get Their Money). Due to warranty issues, the administrator has had to sell £5 million ($6.1 million) …

Fitbit/Pebble Deal is Confirmed

by Bob Raikes

Pebble has confirmed that it is selling its software, its main asset, to Fitbit and that 40% of its staff, involved with software, have been offered jobs by Fitbit. The price is reported at …

LeEco to Cut Payroll by 10% – Vizio Deal in Doubt?

by Bob Raikes

Guangzhou-based Time Weekly has reported that LeEco is downsizing its 8,000 employees by 10% to help alleviate its cash demands. The company, which recently acknowledged it has cash flow issues related to its rapid …

HP Will Cut Up To 4,000 Jobs Over Three Years

by Bob Raikes

HP Inc is to cut 3,000 to 4,000 positions over the next three years as part of a restructuring move. The company is hoping to make savings of $200 million to $300 million per …

Tags:HP Inc| Large Display Monitor| Mobile Display Monitor| Reorganisation & Restructuring| Vol 23 - Issue 41

Fujitsu To Cut DACH Staff

by Bob Raikes

Following the news that it would cut its UK staff (Fujitsu to Cut Jobs in UK), Fujitsu has now said that it will reduce its staff in DACH (Germany, Austria and Switzerland) by 490 …

Tags:Fujitsu| Large Display Monitor| Mobile Display Monitor| Reorganisation & Restructuring| Vol 23 - Issue 41

Fujitsu to Cut Jobs in UK

by Yvette Raikes

Fujitsu is planning to streamline its UK operations in order to be able to reduce prices and be more competitive. This will involve the loss of 1,800 jobs. Exactly which locations will be affected …

Tags:Fujitsu| Large Display Monitor| Mobile Display Monitor| Reorganisation & Restructuring| Vol 23 - Issue 40

Hanjin Remains in Trouble

by Bob Raikes

Hanjin, the Korean shipping line, was still in some trouble as we went to press (Newsflash – Hanjin Failure May Mean Bad Xmas for Samsung & LG Buyers!), with reports that 89 container ships …

Tags:Large Display Monitor| Mobile Display Monitor| Reorganisation & Restructuring| Vol 23 - Issue 37

Sharp Cancels Cuts to Raise Morale

by Tom Allen

Sharp’s Tai Jeng-wu (left) and Foxconn’s Terry Gou (right). Image: Nikkei.Japan’s Sankei Shimbun and Nikkei Shimbun quote Sharp president Tai Jeng-wu as saying that he will cancel a base and managerial salary reduction at …

Tags:Large Display Monitor| Mobile Display Monitor| Reorganisation & Restructuring| sharp| Vol 23 - Issue 33