restructure

The bottom line was also boosted by a sharp drop in special losses from the year-earlier period, when it booked large losses related to restructuring efforts.

Everett encouraged the parties to devise an alternative restructuring plan for his review.

Lawyers say the new law might force private-equity firms to restructure or abandon some medical investments in the state.

According to a court filing from the company’s chief restructuring officer, recent “geopolitical uncertainty and headwinds from newly imposed tariffs have pressurized global supply chains and layered additional complications on the company’s operations.”

The job-shedding will further shrink the industry’s rank and file after a yearslong diet of layoffs, attrition and corporate restructuring that has made Big Oil much leaner.