Restructuring

Matter Labs, the lead developer of Ethereum’s layer 2 ZKsync solution, has announced that it will reduce its workforce by 16% due to a major organizational restructuring. The company will scale back these functions to better align with…

Swiss solar panel maker Mayer Berger said on Monday it had suspended plans to build a factory in Colorado after announcing restructuring measures and indicating profitability would be lower than previously expected. Mayer Berger Technology…

By Alexander Hubner and Emma Victoria Farr FRANKFURT (Reuters) - German battery maker Varta said on Saturday it had reached a restructuring agreement with its creditors, calling on sports carmaker Porsche to step in to rescue the troubled…

The UK government has announced £13.5m of emergency funding to support supply chain companies and workers affected by Tata Steel's restructuring plans at its Port Talbot site in South Wales. The funding represents the first…

Genesis Global Capital, a bankrupt crypto lender, has completed its restructuring and started repaying creditors. The development comes amid reports that Genesis has been conducting large-scale network transactions in the last day.…

Virtu Financial announced that it is seeking $500 million in financing to restructure primary debt. According to the company, the first lien notes are intended to improve Virtu Financial's financial position by repaying existing debt…

One in fifteen European companies is facing significant restructuring pressure this year after being hit by high financing costs and weak consumer demand, with Germany, Austria and the Nordic countries particularly under pressure, according…

Breadcrumb linksBMN BusinessOne in fifteen European companies is facing significant restructuring pressure this year after being hit by high financing costs and weak consumer demand, with Germany, Austria and the Nordic countries…

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COLOMBO (Reuters) - Sri Lanka's government rejected a proposal from its international bondholders on Tuesday on restructuring the more than $12 billion the country owes to them. It means a near two-year spell in default will drag on for…