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Details of that effort disclosed on Friday included more cutbacks and tax increases.
This is not a sustainable business model and we're seeing the results of this bad management on a daily basis with ever more cutbacks and redundancies.
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Mr. Martin said Elan would follow the 13percentt reduction in operating expenses achieved in the first quarter with more cutbacks in selling, general and administrative expenses as it unloads far-flung international operations.
And more cutbacks like these seem inevitable as 44 states are facing budget shortfalls over the next two years.
"If it means keeping open firehouses and preventing more cutbacks, we can live with it," he said.
Though Utah's farm economy is dwarfed by California's — agricultural sales for 2013 reached $1.8 billion, compared with $46.4 billion in the Golden State — officials have began to ration water, and Briggs and other farmers worry about more cutbacks this summer.
"There are heavier workloads as well as uncertainty about business viability and the chance of more cutbacks".
"State budgets are in bad shape and that means you're going to see more cutbacks," said David Wyss, chief economist for Standard & Poor's, who expects state and local governments to lose about 300,000 jobs this year.
That move forced Ganassi to lay off 71 people, and he was hopeful he could avoid more cutbacks after joining forces with Earnhardt.
In July, as gas and raw material prices rose, Bill Ford warned of even more cutbacks.
[World Business, Section W.] More Cutbacks Hurt Travel Industry As corporate travel departments react to impending sags in profits and put the brakes on spending, airlines and hotels are feeling the pinch.
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