Exact(4)
It has already shed tens of thousands of jobs through voluntary redundancy and natural churn, but feels caught between growing private sector competition, high legacy costs such as a pension fund deficit of more than £3bn, and the requirement to continue operating a fully national delivery service.
But many experts say the industry's biggest problem is high "legacy costs" -- jargon for the costs of health and pension benefits for tens of thousands of retired workers, costs that are a hangover from the years before steel mills drastically reduced the employment levels.
As a result, a number of them face high legacy costs of labor, including health care and retirement.
With corporations reeling from high legacy costs, defined contribution plans and the 401(k) in particular were born.
Similar(56)
For the postmenopausal cases, although lower actual level of endogenous estrogen, the BC risk is influenced by a longer lifetime estrogenic exposure and the higher legacy POPs and PFC serum level contributes to a higher POP related xenobiotic estrogenic disruptions.
When Webb turned professional, he was living off his high school legacy, which included appearances on morning and late-night talk shows.
One other reason that this startup might work in Brazil is because import taxes are extraordinarily high, a legacy of the country's economic policy which heavily favors domestic industry.
"Google's entrance into our market bolsters our high-tech legacy, energizes our entrepreneurs, tinkerers and engineers, and supports the high quality of life Huntsville is known for delivering," said Huntsville Mayor Tommy Battle.
Profitability is being squeezed, too, as high-yielding legacy loans are replaced by lower-yielding, less risky assets.
Hywood said cuts to the high-cost "legacy business" of newspapers – for that read journalists – had improved the bottom line.
This paper describes techniques used to leverage high-performance legacy codes as CORBA components to a distributed problem-solving environment.
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