A lawyers' group will set up a hot line Saturday to advise callers on problems related to corporate restructuring
, such as layoffs, in 23 prefectures, group officials said Thursday.
Many countries have already adopted the system as business circles have insisted it is vital for corporate restructuring
through such measures as the establishment of holding companies and spinoffs of unprofitable divisions.
on Friday unveiled a corporate restructuring
plan for the group companies, including relocation in April of the parent firm's divisions for developing and manufacturing air conditioners to a Tokyo-based sales subsidiary.
"Each country has a unique measure, a different strategy" in undertaking banking and corporate restructuring
, he said.
* Tokyo -- Efficient corporate restructuring
and shareholder-oriented strategies are the prime criteria for selecting Japanese equities in 1999, according to SG Yamaichi Asset Management.
Nissan had been pondering whether to pull out of Le Mans because the company is in the process of corporate restructuring
He said he had asked deputy secretary Summers to manage the tax systems modernization program as if he were a board chairman overseeing a long-term corporate restructuring
. "One could not perceive of this operation being pursued in the private sector without modern technology, and the IRS should have the same access to technology," said Rubin.
Although it is difficult to generalize, the reasons for this probably center on disproportionately greater problems--either directly or indirectly--in several areas, including (1) commercial real estate overbuilding, (2) defense and aerospace cutbacks, (3) the cutbacks in employment in banking and finance, (4) corporate restructuring
more generally, and (5) the slower growth of exports, especially to Europe.
He said three factors--high debt, corporate restructuring
and population downsizing--are the driving forces behind these interesting times.
During a corporate restructuring
in March, when Elders announced plans to sell its natural resources and financial-services divisions to become a singe-purpose brewer called Foster's Brewing Group, Elliott said he would step down from his position at some time.
corporations have benefitted greatly from the widespread corporate restructuring
that occurred in the 1980s.
The effects of leveraged buyouts and corporate restructuring
on the economic efficiency of America's manufacturing sector are being debated on the floor of Congress and in the op-ed pages of the nation's newspapers.