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The company vowed to make significant cost cuts to counter any drop in package shipments.
He proved this by presiding over significant cost cuts and securing a deal with federal prosecutors that led to four top Merrill bankers facing criminal charges from Enron deals.
Sales at stores open at least a year declined 27.6percentt in the first quarter, which ended May 2. While Saks has already made significant cost cuts, it plans to become even leaner.
Times journalists — who have withstood many years of management and ownership turmoil along with an industrywide downturn that has resulted in significant cost cuts and layoffs — have long professed dissatisfaction with their newsroom and corporate leaders.
Peter S. Kalikow, owner of the financially beleaguered New York Post, has called a meeting next week with leaders of the paper's unions to request significant cost cuts that he says are needed to avoid the possibility of closing the paper.
On top of this, they introduced substantial amounts of automation, which contributed to significant cost cuts as well.
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In comparison with the initial design, the optimal design leads to a significant cost cut on the one hand and an improvement of the heat exchanger performance on the other hand.
Interestingly, the previous provider of the service, McIntyre Care, refused to submit a bid for this contract when it was retendered in 2012, declaring: We were unable to negotiate a continuation of this contract at a reasonable outcome from our perspective, as that would have involved service quality cuts and significant cost reductions.
Sources are telling TechCrunch that Cisco is planning a significant cost reduction this week, which could involve budget cuts and layoffs.
Relying on a single, stringent cut-off point comes at a significant cost of missing many genuine miRNAs.
First, lead investors typically take a 20% cut from the total profits, which adds a significant cost.
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CEO of Professional Science Editing for Scientists @ prosciediting.com