Cost Cuts

  • HSBC may cut 14,000 more jobs as revenue faces pressure 15-05-2013 08:10 PM

    London: HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs, but Europe's largest bank was forced to soften a key performance target in the face of muted revenue. London-headquartered HSBC is seeking up to $3 billion in additional annual savings by 2016, on top of $4 billion...
  • Luxury carmakers chase the young, female and frugal 23-04-2013 07:00 AM

    Mumbai: Luxury carmakers in India are moving downmarket and shifting production of smaller and cheaper cars to local plants to cut costs, broadening their target market to include young, female and middle-class drivers to boost lacklustre performance. In an effort to raise stuttering sales that far lag emerging Asian rival...
  • HSBC to cut 30,000 jobs worldwide by 2013 01-08-2011 05:57 PM

    London: Global banking major HSBC on Monday said it plans to slash around 30,000 jobs worldwide by the end of 2013, as part of a broader cost-cutting drive. "Five thousand roles had already gone so far this year and another 25,000 would need to be removed from the 296,000 global...
  • Air India to cut costs, recoup losses post strike 01-10-2009 10:54 PM

    He cited example of Japan airlines that shed 6,800 jobs to shed costs. ...
  • Jet Airways is cutting costs 07-11-2006 03:15 PM

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  • Cut costs without feeling the pinch 11-09-2006 01:26 PM

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