cost cutting

Reports said HBL has laid off as many as 180 employees in a single go in the perspective of bank's recent shift in strategy that is now more focused towards cost cutting. According to details some 180 HBL employees were served with forced retirement and job termination letters late Friday.

Cost cutting is not related to global economic scenario.

that the Swiss bank is slashing its physical security headcount and operations, as well as paring back its internal security division, leading to a number of processes being redistributed as part of its overall cost cutting target.

Nader Sabry, Managing Partner at McGill Consulting Group indicates, "This is a healthy sign that a balanced approach in cost-cutting has and is being taken." He added, "Cost cutting can become a habit that blinds decision-makers and weakens their ability to rebound when needed."

One industry insider said yesterday it was likely the West Midlands was now the focus of JLR's cost cutting.

According to Cost Cutting in IT, a study by Gartner Inc., Stamford, Connecticut, the current economic situation calls for changes in managing IT spending.

Auto Business News-18 March 2009-Nissan Korea raises cost cutting efforts(C)2009 ENPublishing - http://www.enpublishing.co.uk

NORDIC BUSINESS REPORT-17 March 2009-Finnish Nokia to implement cost cutting affecting 1,700 jobs(C)1994-2009 M2 COMMUNICATIONS LTD http://www.m2.com

Summary: With a slowdown in growth, Volvo Bus India Private Limited, the Indian arm of Sweden-based heavy bus and coach manufacturer said it was resorting to rigorous cost cutting exercise.

Allis-Chalmers Energy Inc (NYSE:ALY), a US-based company that provides oilfield services, has announced cost cutting measures due to decrease in active rig count in the US.

In demanding economic times there is usually more attention paid to tactical initiatives in general, and to cost cutting initiatives in particular.

The employer-employee negotiations over other possible cost cutting measures continue during this week.