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Sun has benefited from a sweeping corporate cost reduction program announced early last year.
Today we announced that we're increasing our 2008 non-fuel cost reduction program by some $100 million to $500 million.
But after a cost reduction program, it said it might now have enough cash to operate through March 31.
The British bank has also announced a wide-ranging cost reduction program that includes cutting 3,700 jobs and closing some business units and branches.
Lean is not a tactic or cost reduction program, but a way of thinking and acting.
TPM is not a short-lived, problem-solving, maintenance cost reduction program.
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"We will therefore move more swiftly and go even deeper in our structural cost reduction programs".
The company said gross margins improved by 110 basis points, to 40.8%, from 39.7% a year ago, as a result of raised prices, cost reduction programs and manufacturing synergies.
"Faced with new market conditions and intense competition, some subsidiaries also reorganised their operations and put in place cost reduction programs.
The aim of this analysis was to measure patient value before and after implementation of quality improvement and cost reduction programs.
Like other banks, HSBC has embarked on a far-reaching cost-reduction program.
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