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Staff in the BBC's news and radio divisions are bracing themselves for a further round of up to 600 job cuts as part of the latest phase of cost savings which began three years ago.
He added: "Taking into account the site's considerable current operating costs - in excess of £100,000 per week - and the fact that a deal is now further away than anticipated, the Administrators have no alternative but to move into a further phase of cost reduction.
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We've gone through four phases of cost reduction in the last 18 months.
GlaxoSmithKline, with a global workforce of 100,000 people, also said pretax profit for the first quarter of the year fell 1.5%, to 1.93 billion pounds ($2.81 billion), due to a negative impact of patent losses on several drugs, phasing of costs and research write-offs.
The Spending Review - Making It Clear begins next week and runs through to a government announcement on the next phase of the cost cutting process on 20 October.
Merck had about 100,000 employees at the end of the year, and plans to slash about 2,500 vacant positions as part of the initial phase of the cost cuts.
Meanwhile, the pretax cost of the initial phase of the cost-cutting program is expected to range from $3.5 billion to $4.3 billion, much of it in severance packages for employees.
WASHINGTON — The United States Postal Service announced Thursday that it would begin consolidating 48 mail processing centers beginning in July, the first phase of a cost-cutting plan that is intended to save the agency nearly $1.2 billion a year as it tries to adjust to declining mail volume.
However, UNICEF should encourage scaling down and eventually phasing out within the phase of no-cost extension, which is planned to last one year.
The first phase of construction will cost $120 million, which Krieger said he would finance, along with friends and business partners.
(Total has a 25% stake in the project; Norway's Arctic-experienced Statoil got 24%.) The first phase of development will cost at least $15 billion and involve devising floating production platforms that can be quickly detached to dodge ice floes, as well as subsea pipelines extending 250 miles to a proposed LNG plant near Murmansk.
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