je.st
news
Tag: costcutting
Nokia accelerates cost-cutting after market slowdown
2016-05-10 08:36:00| Telecompaper Headlines
(Telecompaper) Nokia reported a 9 percent fall in pro forma first-quarter sales to EUR 5.603 billion, hurt by the slowdown in the mobile networks markets. Operating profit rose to EUR 345 million from EUR 276 million a year ago, on a pro forma basis for the merger with Alcatel-Lucent. The net result was a loss of EUR 613 million versus a profit of EUR 139 million a year earlier, due to merger-related charges. Nokia confirmed it has started the earlier announced job cuts and was pushing ahead quickly with the realisation of synergies from the Alcatel deal. It now expects to exceed to target of EUR 900 million in operating cost savings for 2018. The focus on the integration this year as well as a weak market outlook are expected to lead to a decline in adjusted sales and operating margin this year at the Networks business this year.
Tags: market
nokia
slowdown
accelerates
Ericsson steps up cost-cutting as Q1 sales slow
2016-04-21 08:25:00| Telecompaper Headlines
(Telecompaper) Ericsson announced plans to step up its cost-cutting efforts after report first-quarter revenues fell 2 percent year-on-year to SEK 52.2 billion. The company said it saw a slowdown in Europe after completion of mobile broadband projects there last year as well as economic weakness in some emerging markets. Growth remained strong in mainland China, and sales also grew in North America and southeast Asia. The company achieved already in Q1 SEK 500 million of its targeted SEK 9 billion in cost savings, helping the operating margin improve to 6.7 percent from 4.0 percent a year ago. The higher margin came from improvements in Networks, partly offset by lower profitability in Global Services, Ericsson said. In addition to the SEK 9 billion by the end of 2017, Ericsson said it started measures in the quarter to adapt the operations to the lower mobile broadband project volumes. This will mainly affect the service delivery activities and result in higher restructuring charges this year of SEK 4-5 billion in total, versus the previous estimate of SEK 3-4 billion.
Tags: sales
steps
slow
ericsson
Cost-Cutting 101, part 2: Land rent, capital expenses, labor costs
2016-02-29 20:58:00| Corn & Soybean Digest
With this list of potential reductions, including land rent, capital expenses labor and other costs, hopefully our producer focus groups provided some ideas on which you will expand. An economic reset offers the opportunity to re-evaluate and improve your operation both for short-term and long-term sustainability. Road Warrior read more
Cost-cutting 101: Fuel, family living, fertilizer
2016-02-23 23:54:00| Corn & Soybean Digest
This is a starting point in the cost-cutting process, as suggested by producers. Granted, this is a tough process that requires time, examination and inevitably, some hard choices. However, developing a strategy to cut costs strengthens both short-term and long-term sustainability. Road Warrior read more
Tags: family
living
fuel
fertilizer
Aeropostale axes 100 jobs in cost-cutting move
2016-01-13 11:51:00| Daily apparel & textile news and comment - from just-style.com
US teen apparel retailer Aeropostale is to implement an "aggressive" new cost reduction programme that will result in the loss of 100 jobs as it looks to return to profitability.
Tags: jobs
move
axes
aeropostale
Sites : [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] next »