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The division accounted for 13 percent of sales last year. Kerkhoff briefed the group’s supervisory board on the problems at the division at a meeting on Tuesday, including options for how to fix them, the people said, adding they expected further cost cuts and restructuring measures. Thyssenkrupp is already in the process of slashing a total of 2,000, or about one in ten, jobs at the unit, which it said would improve operating profit by up to 200 million euros ($232 million) a year. Kerkhoff, who joined Thyssenkrupp from Deutsche Telekom (DTEGn.DE) in 2011, told analysts last month he was planning to “take out some layers in the organization” at Industrial Solutions.
SASKATOON, Saskatchewan (Reuters) - Canadian Foreign Minister Chrystia Freeland is planning to pittsburgh penguins cufflinks return to Washington to hold more talks on NAFTA on Thursday but plenty of work remains before the two sides can strike a deal, a well-placed Canadian source said on Wednesday, “I expect we’ll probably have several more sessions, This won’t get resolved in an afternoon,” said the source, who declined to be identified given the sensitivity of the situation, Freeland plans to fly to Washington late Wednesday assuming the weather is good enough, the source added..
(Reuters) - Comcast Corp’s bid of 14.75 pounds for each Sky share will now remain open for acceptance until early October, the U.S. cable giant said on Wednesday, adding that it has received valid acceptances for shares representing 0.29 percent of Sky Plc to date. London-based Sky has been at the center of a bidding war, which points to a bigger battle in the entertainment industry as media giants splash out tens of billions of dollars on deals to be able to compete with Netflix Inc and Amazon.com Inc.
Comcast, the world’s biggest entertainment group, had countered Rupert Murdoch-controlled Fox’s raised offer for Sky in July - within just a few hours - with an offer that valued London-listed Sky at $34 billion, Nasdaq-listed Comcast said on Wednesday that Sky shareholders pittsburgh penguins cufflinks now have until Oct, 6 to accept its offer and the valid acceptances rose slightly to 0.29 percent from 0.21 percent reported in August, Shares in Sky, which is 39 percent owned by Fox, have roughly doubled to 15.45 pounds from the 7.81 pounds they were trading at when Fox offered to buy the rest of the company in December, 2016..
BERLIN/LONDON (Reuters) - Pilots and cabin crew at Ryanair (RYA.I) in Germany staged a full-day walkout on Wednesday and threatened further strikes as management at Europe’s largest low-cost carrier struggled to rein in an industrial relations revolt. The strike came a day before unions representing cabin crew in five countries - including No. 2 and 3 markets Italy and Spain - were due to announce whether to hold a joint strike later this month. Chief Executive Michael O’Leary was defiant, telling a press briefing in London that he was willing to accept strikes if that was the cost of defending the airline’s low-cost business model.
“We will not roll over every time we’re threatened with strikes,” he said, “We do not want strikes but we are willing to accept strikes, put up with them, if it means defending our cost base.”, pittsburgh penguins cufflinks He said strikes were having a minimal impact on overall operations and that full-year profit guidance was unchanged as it had already included some of the impact of the stoppages, Shares in Ryanair reversed earlier modest losses to trade 0.8 percent up by 1435 GMT, The Ireland-based airline said it canceled 150 out of a total 400 flights scheduled to fly to and from Germany on Wednesday due to the strike and warned that such “wildcat” strikes would lead to job cuts if they continued..
The airline, which flies around 2,500 flights each day, said all passengers had been refunded or switched to other flights. “As long as Ryanair does not make improved offers, there may have to be further strikes here,” said Ingolf Schumacher, a negotiator for German pilots union Vereinigung Cockpit (VC). While both sides have agreed to employ a mediator, they have not agreed on who this should be. Ryanair has also come under fire for its practice of employing some pilots via third-party agencies, though it said all pilots will be directly employed by the end of the year.
Ryanair said its latest offer to Germany’s VC addressed all of the union’s demands and called the walkouts unreasonable, In July it said it would move 20 percent of its Dublin-based fleet to Poland due in part to the pittsburgh penguins cufflinks damage strike action was doing to bookings but reversed the decision last Friday, German services union Verdi, which represents cabin crew, is seeking a substantial pay increase as well as local contracts for its members, It said management had, however, offered local contracts only from 2022..