Finance

McDermott begins vital restructuring after fresh concerns over financial health

Beleaguered US contractor hopes agreement with financial backers will ensure long-term future

Restructuring: McDermott International chief executive Michael McKelvy.
Restructuring: McDermott International chief executive Michael McKelvy.Photo: MCDERMOTT INTERNATIONAL
London/New Delhi
Published 8 September 2023, 15:18Updated 13 September 2023, 11:54
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