Mergeracquisition activity was the second leading cause of job cuts (in January), behind cost-cutting. It will continue to be among the top job-cut reasons this year as an improving economy and increased competition force industry consolidation.
Quotes about cost-cutting (16 Quotes)
I think it's a marriage made in heaven, ... First of all, it gives Allied leadership for the future. Honeywell brings with it some strong management and that was a concern to AlliedSignal shareholders. There are cost-cutting and synergy opportunities. This is going to be a major force going forward.
Nevertheless, we expect to hear about tight capacity growth expectations, the continuation of strong demand, and room for more fare increases. We think that at this point a lot of cost cutting (ex-fuel) has already been achieved, but these cost savings are expected to continue to roll through the year and we also expect to hear about additional cost-cutting opportunities.
They are another example of a company that started out in a relatively stronger financial position than their peers, and they felt they were in better position to survive a shakeout, ... They didn't pursue cost-cutting as aggressively as they would have if they were heading toward bankruptcy early in the (industry's) downturn.
Competition and cost-cutting among retailers have yanked the traditional supply chain completely apart.
The (cost-cutting) measures to date have had a positive impact, but the business environment in our key industries continued to deteriorate this quarter.
Tough times helped many commodities producers become lean and mean through consolidation, mergers and cost-cutting. All that excess supply has been sopped up.
Not only are our markets getting better and our internal cost-cutting programs succeeding, we are also seeing the benefits of our merger with Union Camp reflected in our earnings. Going forward, we will continue to manage production in line with our customer orders and not build inventory.
With a disaster this size, no program is sacrosanct, no cost-cutting is off the table, ... Republicans weren't put in office to be satisfied with the size of our government.
Valuations have gotten relatively lofty in all six publicly traded exchanges. Nasdaq is the best buy of the six. It's a cost-cutting story. The opportunity to take share should extend through 2006 and 2007.
Since he took over, the stock has gone up 25 percent, so clearly the market...appears to be expecting material cost-cutting, of which I would presume a significant ingredient would be work force reduction.
We view cost-cutting as the largest opportunity for Sun to improve financial performance and believe the company is set to announce a restructuring over the next 6 months.
People are taking some comfort in results and a feeling that the economy is getting better, but there's still some caution. We need to see more evidence of a sustainable recovery. We need companies to start seeing profits more through top-line growth than just cost-cutting measures.
Cost-cutting efforts, health care concessions and restructuring should help GM narrow North American losses in 2006, but they will remain substantial.
They are looking to strip out 250m in costs, and the question is how much of the cost-cutting drops to the bottom line, and how much they lose along the way.
I don't know that many companies the size of GE whose earnings are up 16-17 percent right now, ... It's really because of cost-cutting actions that really positions this company to do very nicely for what could be 20 percent earnings growth in 2002.