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-- are making significant cutbacks and staff reductions.
"I think we are suggesting significant cutbacks in education, and that I don't like," he said.
"It cements the really significant cutbacks to health, these are really damaging.
If this pattern continues then the industry will have to start making significant cutbacks.
The automotive, machinery, plastics, retail, and health-care industries have seen significant cutbacks in personnel as well.
Two agencies are making significant cutbacks, one laying off 23percentt of its staff and another closing an office.
Similar(16)
Mr. Mason has promised a significant cutback in marketing expenses in the future.
BBDO Worldwide in New York, part of the Omnicom Group, said yesterday that it had resigned the account of Netpliance after only five months, citing a significant cutback in ad spending.
"In the early 1990's, there was a significant cutback in arts and cultural spending in the state," said Mr. Olson of the Senate Fiscal Agency, which tracks state finances for the Senate.
"The move, believed to be the most significant cutback since SpaceX gained international prominence about a decade ago, is the latest sign of major strategic and technical challenges roiling the closely held Southern California company," Pasztor wrote.
"Add that to the fact that the job market has weakened dramatically, and incomes haven't been rising very much — certainly below the pace of inflation — and you really have the ingredients of a significant cutback of consumer spending," he said.
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