The Business Times

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

FILE PHOTO: A customer shops in the poultry aisle inside a Sainsbury's supermarket, in Richmond, West London, Britain February 21, 2024. REUTERS/Isabel Infantes/File Photo
Consumer & Healthcare

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

FILE PHOTO: Elon Musk speaks with U.S. President-elect Donald Trump at a viewing of the launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas, U.S., November 19, 2024 Brandon Bell/Pool via REUTERS/File Photo
International

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

(FILES) Employees work at the assembly line of the Volkswagen (VW) ID 4 electric car of German carmaker Volkswagen, in the production site of Emden, northern Germany on May 20, 2022. The Volkswagen group, which is preparing an unprecedented savings plan, formalised on September 10, 2024 the termination of the employment guarantee agreement in force for thirty years in Germany, the first stage of negotiations that promise to be stormy with staff representatives. (Photo by DAVID HECKER / AFP)
Transport & Logistics

VW eyes closing 3 German factories in cost-cutting push

FILE PHOTO: A Shell Petroleum signage is pictured in Malaysia's southern city of Johor Bahru April 26, 2017. REUTERS/Edgar Su/File Photo
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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