The European Commission said Monday that Standard & Poor's recent downgrades of European economies ignored the progress that the countries had already made by reducing debt and implementing cost-saving measures.
If he hasn't implemented cost-saving measures, it's time to do so.
In response, the airline implemented cost-saving measures, including flight schedule reductions and fee increases.
The need for industry is therefore to implement cost savings measures immediately, in order to remain competitive.
"We said then that the Tribune would further reduce corporate expenses and that all of the company's business units would implement further cost-saving measures," he said.
For Solaria is to be competitive in the long run, it will need to implement other cost-saving measures, especially improving the overall efficiency of its solar panels, says Tonio Buonassisi, a professor of mechanical engineering at MIT.
It remains to be seen, however, whether Mr. Monti — who has no hands-on political experience at home — can convince financial markets that he can overcome Italy's snarled domestic politics and implement the cost-saving measures that Italy has promised to whittle down a mountain of debt and boost growth.
In 1992 he became defence secretary in John Major's government, implementing widespread cost-saving measures to his department, and was made foreign secretary in 1995.
The company has implemented many cost-saving measures, Levra said, including reducing its workforce to 3,000 from 4,300, renegotiating expenses with all vendors and renegotiating rents with landlords.
I'm afraid that if the county moves too quickly, it will be at the expense of not implementing other cost-saving measures," such as selling county assets and tapping into pools of money reserved for future projects.
