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Sunday, August 25, 2019

Tag: cost cutting

BMW pushes new models, cuts cost to beat Mercedes-Benz

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 lowers profit forecast after European fare war bites

Lufthansa says sales at Eurowings, its low-cost airline, are expected to fall in the second quarter and for the full year.

FGV denies report of plans to lay off 6,000 workers

CEO Haris Fadzilah Hassan says FGV only plans to reduce 10% of the manpower cost per year.

StanChart aiming for US$700 million in cost cuts by 2021

The cost cuts are part of a new plan that is meant to soothe investor concerns over lacklustre returns.

Cost-cutting measures save RM3.4b for Petronas

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.

Oilfield services operator lets 300 contract staff go

UMW Oil & Gas, which says the move is part of efforts to deal with low oil prices, is confident business will pick up soon.