Your English writing platform
Discover LudwigSuggestions(4)
Exact(8)
The service was driven year on year against a cost reduction programme.
"We are very much on track with our cost reduction programme.
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.
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.
Similar(52)
Management argue that a 4%+ margin should be sustainable to 2014 given previous historical accounting, selective bidding (which also reduces bid costs) and cost reduction programmes.
Analysts at Dresdner Kleinwort said: "It is striking that across all divisions cost reduction programmes and investment pause were critical to avoid even weaker growth at group level".
The recession, declining circulation and digital competition for advertising cut regional and local newspapers' income at a rate that increasingly painful cost reduction programmes could not match.
Meanwhile, the UK store closure and cost reduction programmes are being completed, with the future longer-term strategy pending the appointment of a new chief executive.
He added: "Several of our competitors have recently announced large-scale redundancies, salary freezes, bonus reductions and further cost reduction programmes in addition to those already in place and, hence it is clear we are not alone in facing these challenges".
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com