ST Engineering starts restructuring amidst FY2020 revenue loss

Uploaded By:  Paul Howell Submitted By:  Paul Howell Case Study:  No Revenue is expected to be between 5% to 15% lower than last year. ST Engineering has moved to reorganized its business and leadership structure as it braces for revenue loss for the whole fo FY2020. The new restructuring plan was announced the day before ST Engineering released its Q3 market updates that declared revenue loss between 5% to 15% until the end of the year compared to 2019. The loss is reported despite the good performance of several of the company’s business sectors in Q3. read more