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Additional costs were cut by a group-wide reduction in headcount of 830, about 7% of the total workforce.
But the regulator faces a budget cut of 27% and a reduction in headcount of 20% by 2020 due to cuts to the Department for Environment, Food and Rural Affairs (Defra).
While Intel gave no official update on restructuring, it did indicate it expects a reduction in headcount of 5% to 6% in 2006 through voluntary attrition, said Dhanda.
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It is committed to achieving further reductions in the senior manager pay bill of around £5.5m and reductions in headcount of around 30 by 2015.
Its annual report stated it is committed to achieving further reductions in the senior manager pay bill of about £5.5m and reductions in headcount of about 30 by 2015.
"It is inevitable that when you put two organisations together, there will be, there may be, some reduction in headcount," said Mark Wilson, chief executive of Aviva.
The bank's fixed income, currency and commodities group — once a profit engine but now a capital sucker — will bear the brunt of the cuts, with a 26percentt reduction in headcount.
As part of its first quarter earnings report, Yahoo detailed a reduction in headcount.
We are concerned by the continuous reduction in headcount guidance.
As with many mergers, this review has resulted in a reduction in headcount at the acquired company".
Vodafone said a reduction in headcount and office locations in places where the two firms overlap was likely but specific numbers are yet to be determined.
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