The phrase "a cost reduction programme" is correct and usable in written English.
You can use it when discussing strategies or initiatives aimed at decreasing expenses within an organization or project.
Example: "The company has implemented a cost reduction programme to improve its financial performance and increase profitability."
Alternatives: "a cost-saving initiative" or "a budget-cutting plan."
The service was driven year on year against a cost reduction programme.
That meant spending would need to increase to 5.7% every year - in the absence of a cost reduction programme - simply for the service to stand still.
Excluding these foreign exchange gains, BBC Global News returned an underlying Profit Before Taxation of £0.8 million in 2017/18, due to a combination of strong revenue performance and a cost reduction programme.
Some 8,800 jobs have been cut by Horta-Osório since he took the helm in March 2011, when he announced a cost-reduction programme that would lead to 15,000 cuts in total.
The company is undergoing a huge staff reduction, cutting 5,000 of 16,500 jobs, and going through a cost reduction plan.
Altria recently announced a cost reduction program which includes third-party spending cuts and workforce reductions.
Chief executive Vittorio Colao said Vodafone had made "strong progress" on mobile data growth and cash generation: The £1 billion cost reduction programme is expected to be delivered a year ahead of plan and we have extended this to a further £1 billion of cost savings by 2012 Elsewhere...the City will soon have another female chief executive.
We looked at total government expenditure, correcting for inflation, starting from the first year of the cost reduction programme.
We anticipate that the ongoing cost reduction programme will reduce GNM's operating loss in the current financial year (2010/11), provided that revenues are stabilised.
The Institute for Fiscal Studies predict that by the end of this financial year 60% of the cost reduction programme will have yet to reach the frontline.
