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Tag: restructuring

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – State-owned Banco do Brasil announced on Monday, November 21st, it will restructure its operations, closing branches, expanding digital service, reducing working hours and launching an incentive retirement plan. According to...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – With plans to drastically reduce its expenses, but finding no support from falling international oil prices and a plummeting Brazilian currency, the country’s oil giant, Petrobras, is taking drastic measures....
By Jack Whibley, Contributing Reporter RIO DE JANEIRO, BRAZIL - Once valued at over US$60 billion, and last year still worth US$35 billion, Eike Batista’s EBX Group is now being forced to seek buyers and partners to restructure and dismantle...

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