General Motors (GM) announced on April 4 that about 5,000 salaried workers had accepted the company’s buyout offers, which the automaker says is enough to avoid layoffs at this time. The offers will save about $1 billion annually in costs, according to GM. The automaker said the “voluntary separation program” is part of efforts to…
Toshiba Says Detailed Talks on Buyouts Meaningful Only After Option Review
TOKYO—Toshiba Corp said on Wednesday detailed talks on potential take-private deals would make sense only after all strategic options are carefully reviewed, spurning calls from some shareholders to start soliciting buyout bids. The statement comes as the Japanese industrial conglomerate has been in talks with financial and strategic investors, including KKR & Co Inc and…
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