Anchors Aweigh Cufflinks - Clearance

Express your love for the ocean with the the polished silver-tone Anchors Aweigh Cufflinks. The clean, polished design combined with the defined edges of an iconic anchor makes for a fresh design that works well for any shirt and any occasion. Approximately 7/8" x 2/3", Silver-tone plated base metal, Bullet back closure,

WASHINGTON (Reuters) - General Motors Co on Monday said it was starting to hand pink slips to about 4,000 salaried workers in the latest round of a restructuring announced in late November that will ultimately shrink its white-collar workforce in North America by 15 percent out of 54,000. Two people briefed on the cuts said GM is cutting hundreds of jobs at its information technology centers in Texas, Georgia, Arizona and Michigan and more than 1,000 jobs at its Warren, Michigan Tech Center. GM is filing new required mass layoff notices with state agencies and disclosed the cuts to lawmakers.

The largest U.S, automaker announced in November it would cut a total of about 15,000 jobs and end production at five North American plants, The cuts include eliminating about 8,000 salaried workers, or about 15 percent, GM cut about 1,500 contract workers in December and said 2,300 salaried workers accepted buyouts, officials said, “These actions are necessary to secure the future of the company, including preserving thousands of jobs in the U.S, and globally, We are taking action now while the overall economy and job market are strong, increasing the ability of impacted employees to continue to advance in their careers, should they choose to do so,” anchors aweigh cufflinks GM spokesman Pat Morrissey said, adding the bulk of the cuts should be completed in the next two weeks..

Morrissey said GM would provide salaried workers with severance packages and job placement services. GM is also cutting its executive ranks by 25 percent and last week laid off three senior people in its Washington office and some other small salaried layoffs previously took place. President Donald Trump and U.S. and Canadian lawmakers have blasted GM’s plans to end production at plants in Ontario, Michigan, Ohio and Maryland. GM said in November it would end U.S. and Canadian production of the Chevrolet Cruze, Volt, Impala, the Buick LaCrosse and the Cadillac XTS and CT6 sedans.

Trump, who made a 2017 speech near GM’s Lordstown Assembly plant in Ohio, said in November the company had “better” find a new product for that plant, But GM Chief Executive Officer Mary Barra wrote last week: “We are more convinced than ever that our strategy is sound and in the long term.”, Last month, Comprehensive Logistics said anchors aweigh cufflinks it would cease operations at its facility in Lordstown that provides logistics and warehousing, impacting about 180 jobs, Magna International Inc is also laying off about 120 people at its Lordstown Seating Systems plant that makes seats for GM vehicles..

(Reuters) - Papa John’s International Inc unveiled an investment of up to $250 million from hedge fund Starboard Value LP on Monday, snubbing a rival offer from founder John Schnatter, who is seeking to regain control of the world’s third largest pizza delivery company. The deal marks the next chapter in the battle between Papa John’s and Schnatter, who resigned as chairman last July, following reports he had used a racial slur on a media training conference call. He later said he regretted his decision, arguing his comments were taken out of context.

The dispute has taken a toll on the company, which said on Monday its North America same-store sales decreased by 10.5 percent in January, after dropping 7.3 percent in 2018, Papa John’s has been seeking to fend off competition from rivals such as Dominos Pizza Inc and Yum! Brands Inc’s Pizza Hut through promotional discounts, which have yet to pay off, Papa John’s shares, which anchors aweigh cufflinks have tumbled nearly 40 percent since Schnatter left his position as CEO in January 2018, jumped 10 percent to $42.34 on Monday, giving the company a market capitalization of $1.3 billion..

Under the terms of the deal, Starboard Chief Executive Officer Jeffrey Smith will become Papa John’s chairman and Anthony Sanfilippo, former chairman and CEO of casino operator Pinnacle Entertainment, will join as an independent director. Papa John’s CEO Steve Richie will also join the company’s board, expanding it from six members to nine and further diluting the influence of Schnatter, who also sits on the board. The deal is unusual for Starboard, which typically amasses stakes in companies in the open market rather than through negotiated deals. Starboard will buy $200 million worth of newly issued Papa John’s convertible preferred stock, equivalent to approximately 11 percent to 15 percent of the company’s outstanding common stock. Before the deal was announced, Schnatter owned about 30 percent of the company.

Starboard has an option to buy an additional $50 million of Papa John’s convertible preferred stock on the same terms, “I think it is the highest quality pizza in the segment,” Smith anchors aweigh cufflinks told Reuters in an interview, “We believe that with our involvement we can help the company to refocus on its competitive advantages and move forward to get its culture and focus back in the right place on how to improve the company.”, Reuters reported on Friday that Papa John’s was seeking to sell a stake in the company after acquisition offers from private equity firms were too low..

Recent Posts