Cost-cutting
Starbucks throttles operations at US coffee plants to curb costs
The company is working to bounce back from six straight quarters of same-store sales declines
Guinness-owner Diageo plans cost cuts, asset sales to reduce debt
Cost cuts would come from changes to Diageo’s trade investment and advertising spend, overheads and supply chain
UK's Sainsbury's to cut over 3,000 roles in cost savings drive
It plans a 20% reduction of senior management roles
Musk acknowledges US$2 trillion spending cut goal a long shot
He described the US$2 trillion target as a “best-case outcome”
VW eyes closing 3 German factories in cost-cutting push
The plan includes a 10% wage cut and shrinking all remaining sites in Germany
Shell plans wide cuts in oil exploration division, sources say
The planned 20% reduction is subject to consultations with employee representative bodies
Airbus launches new cost-cutting drive after output woes: sources
AIRBUS has launched a performance improvement plan including cost cuts and a freeze on overall headcount in its plane making business, after recent cuts in targets for aircraft production, industry so...
Barclays’ UK corporate bank to cut costs by £100 million, expand lending
BARCLAYS will cut about £100 million (S$172 million) of annual costs from its UK corporate banking business by 2026, it said on Tuesday (Jun 18), under broader plans to ramp up investment in the under...
Volkswagen cost-cutting drive includes less staff, faster development
VOLKSWAGEN and worker representatives have agreed to measures for a cost-cutting drive that will yield 10 billion euros (S$14.6 billion) in gains by 2026, up to 4 billion of which should kick in next ...
US fast-food chains add automation to boost speed
FROM robotic grills to faster blenders with custom ice and milk dispensers, major US restaurant chains including Starbucks, Domino’s, and Chipotle are touting new technologies to automate production, ...
