Gorbachev – tried to reform the old system. He had made the country’s economic life more effective, widened the scope of political participation, opened up society for debate, and introduced a new way of thinking in international affairs.
Gorbachev forever changed the statist power and cultural patterns in Soviet society, but as he desperately was trying to save the old Communist system, he ultimately failed to recognize that it was rotten to the core and unreformable. Ultimately, he ended up destroying what he had hoped to improve and set me and hundreds of millions of people free. For the first time in our lives, what we did with that newly acquired freedom was entirely up to us.
Read more at:
Gorbachev at 90: The man who awkwardly pushed humanity forward | New Europe
Showing posts with label Restructuring. Show all posts
Showing posts with label Restructuring. Show all posts
1/14/21
The Netherlands: Shell cuts 900 jobs in the Netherlands as part of global restructuring
Shell is cutting some 900 jobs in the Netherlands as part of its earlier announced global reorganisation, website Nu.nl and the Financieele Dagblad said on Wednesday. The job losses, which do not include people working at petrol stations, will cut the company’s workforce in the Netherlands by some 10%, Nu.nl said.
Read more at: Shell cuts 900 jobs in the Netherlands as part of global restructuring - DutchNews.nl
Read more at: Shell cuts 900 jobs in the Netherlands as part of global restructuring - DutchNews.nl
12/7/20
EU extends a hand (or two) to Joe Biden – By David M. Herszenhorn
In a sign of just how eager Brussels is to move past the acrimony created by President Donald Trump, the European Commission and Council have put forward competing policy papers outlining how they would like the EU to team up with the new U.S. administration on a wide array of policy issues.
Read more at: EU extends a hand (or two) to Joe Biden – POLITICO
Read more at: EU extends a hand (or two) to Joe Biden – POLITICO
7/7/19
Germany: Deutsche Bank to axe 18,000 jobs
Deutsche Bank announced Sunday it would cut 18,000 jobs — about 1 in 5
employees — by 2022, as part of its new round of restructuring
.
Deutsche Bank said in a statement on Sunday that the restructuring would include "a workforce reduction" to "around 74,000 employees by 2022."
The layoffs would contribute to reducing annual costs by €6 billion ($6.7 billion) until 2022.
The bank also plans to scrap its global equities business and scale back its investment banking. It expects a €2.8 billion euro ($3.1 billion) net loss in the second quarter as a result of restructuring charges.
Deutsche Bank said the restructuring could cost it €7.4 billion ($8.31) between until the end of 2022.
Read more at: Deutsche Bank to axe 18,000 jobs | News | DW | 07.07.2019
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.
Deutsche Bank said in a statement on Sunday that the restructuring would include "a workforce reduction" to "around 74,000 employees by 2022."
The layoffs would contribute to reducing annual costs by €6 billion ($6.7 billion) until 2022.
The bank also plans to scrap its global equities business and scale back its investment banking. It expects a €2.8 billion euro ($3.1 billion) net loss in the second quarter as a result of restructuring charges.
Deutsche Bank said the restructuring could cost it €7.4 billion ($8.31) between until the end of 2022.
Read more at: Deutsche Bank to axe 18,000 jobs | News | DW | 07.07.2019
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EU-Digst
Insure-Digest
Turkish-Digest
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11/7/13
The Netherlands - Banking: ING Groep NV saw its third-quarter profit fall sharply
ING Groep NV saw its third-quarter profit fall sharply after it booked a loss on the sale of operations in South Korea.
However the company's new chief executive said Wednesday profits on an underlying basis were stable and that the company is close to repaying rescue money it received from the Dutch state in times of crisis in 2008 and 2009.
Jan Hommen, the executive who stepped in after the bailouts to oversee ING's restructuring, retired on Oct. 1. His replacement, Ralph Hamers, said Wednesday that ING is "grateful" for the taxpayer money.
Net profit for the quarter was 101 million euros ($136 million), down from 659 million euros in the same period a year ago. During the quarter, it booked a 950 million euro loss on the sale of its South Korean insurance arm. Underlying profits, which exclude tax and one-time items, were 891 million euros, up 5.6 percent.
ING received 10 billion euros of state aid in 2008. It has been steadily shedding operations and repaying that debt, plus interest, ever since. On Wednesday it repaid 1.13 billion euros, leaving it with a remaining tab of 1.5 billion euros.
Almere-Digest
However the company's new chief executive said Wednesday profits on an underlying basis were stable and that the company is close to repaying rescue money it received from the Dutch state in times of crisis in 2008 and 2009.
Jan Hommen, the executive who stepped in after the bailouts to oversee ING's restructuring, retired on Oct. 1. His replacement, Ralph Hamers, said Wednesday that ING is "grateful" for the taxpayer money.
Net profit for the quarter was 101 million euros ($136 million), down from 659 million euros in the same period a year ago. During the quarter, it booked a 950 million euro loss on the sale of its South Korean insurance arm. Underlying profits, which exclude tax and one-time items, were 891 million euros, up 5.6 percent.
ING received 10 billion euros of state aid in 2008. It has been steadily shedding operations and repaying that debt, plus interest, ever since. On Wednesday it repaid 1.13 billion euros, leaving it with a remaining tab of 1.5 billion euros.
Almere-Digest
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