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November 16, 2018

Bombardier to cut 5000 jobs in restructuring, Thailand conglomerate Charoen Pokphand Group bids for rail project, and Volkswagen in talks with Ford to invest in self-driving unit Argo.

Bombardier to cut 5000 jobs in restructuring

Canadian aerospace giant Bombardier is to cut 5,000 jobs as part of an effort to streamline operations and reduce costs.

Bombardier said the 7% reduction of its workforce over the next 12 to 18 months will save the company about $250 million a year by 2021, with the job cuts mostly coming from the company’s engineering and management ranks.

June 20, 2018

Missoni eyes international expansion, Heineken invests in the Great British Pub, and Alexa checks into Marriott.

Missoni eyes international expansion

The Missoni family have sold a 41.2% stake in their eponymous fashion house to Italian private equity firm FSI, a move the family say will make them more competitive internationally.

The stake was valued at €70 million ($93 million), and the companies said in a statement it would involve a capital increase and no leverage against Italy’s Missoni. The family retains majority control.

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