Tag: cost cutting
Krueger says BMW sales were ahead of Mercedes in June, thus its approach to cut cost and invent new models are coming to fruition.
Lufthansa says sales at Eurowings, its low-cost airline, are expected to fall in the second quarter and for the full year.
CEO Haris Fadzilah Hassan says FGV only plans to reduce 10% of the manpower cost per year.
The cost cuts are part of a new plan that is meant to soothe investor concerns over lacklustre returns.
CEO says Petronas has cut its capital expenditure and operating expenses by RM15 billion this year and hopes to slash another RM50 billion over four years.
UMW Oil & Gas, which says the move is part of efforts to deal with low oil prices, is confident business will pick up soon.