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The company has lost about 5, 000 of its 53, 000 employees in the past two quarters, according to one of the six directors appointed by the government to salvage the company.
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Team Philips is trying to find a company to salvage the catamaran, but it could be a costly exercise if unofficial salvage teams get there first.
BBC: Catamaran crew reach dry land
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Stumbled upon Chapter 11 proceedings of United Refining Company while trying to salvage Capitol.
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He never fails to mention that the costly and risky salvage operation by a Dutch lifting company is a fulfilment of the promise Mr Putin gave to relatives of the crew members during an emotional meeting last August, where he pledged to retrieve the bodies of their loved ones, regardless of the cost.
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However, if the stores still trust the company, it may be able to salvage itself by selling those stores a different product that makes their customers better off.
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One final thought on the New Beetle Convertible: It's not going to salvage VW sales all by itself, especially because it's got company coming.
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An attempt to salvage the investment failed when shareholders won a lawsuit preventing Ackman from merging a real estate company with the bleeding golf course company.
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