The Business Times
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Cost-cutting

Consumer & Healthcare

Starbucks throttles operations at US coffee plants to curb costs

Diageo, the world’s largest spirits maker, is expected to dispose of some significant assets, but hold on to its Guinness brand.
Consumer & Healthcare

Guinness-owner Diageo plans cost cuts, asset sales to reduce debt

Sainsbury’s also proposes to close the remaining patisserie, hot food and pizza counters in its stores as well the remaining 61 Sainsbury’s Cafes.
Consumer & Healthcare

UK's Sainsbury's to cut over 3,000 roles in cost savings drive

Trump named Tesla CEO Musk (R) to focus on cutting federal spending and regulations to improve government efficiency.
International

Musk acknowledges US$2 trillion spending cut goal a long shot

The plans underscore the extent of the crisis at Volkswagen, which has bungled a transition to electric vehicles and lost relevance in China, where it’s losing market share to local automakers.
Transport & Logistics

VW eyes closing 3 German factories in cost-cutting push

The restructuring in the exploration and wells development and subsurface units will see hundreds of job cuts around the world, and will be felt in particular in its offices in Britain and the Netherlands.
Energy & Commodities

Shell plans wide cuts in oil exploration division, sources say

Code-named “LEAD!”, Airbus' new initiative will urgently tackle an increase in unit costs, which have been accelerating compared to unit revenues.
Transport & Logistics

Airbus launches new cost-cutting drive after output woes: sources

Barclays will consolidate its five online access portals for clients into one to achieve cost savings.
Banking & Finance

Barclays’ UK corporate bank to cut costs by £100 million, expand lending

The brand plans to optimise material and product costs, reduce fixed and production costs, and increase its revenues to achieve its target, according to Volkswagen.
Transport & Logistics

Volkswagen cost-cutting drive includes less staff, faster development

Starbucks says it plans to roll out a coffee-making machine, the Siren System, in around 10 per cent of its stores starting next year.
Companies & Markets

US fast-food chains add automation to boost speed

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