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Cost cutting

Pfizer to reconfigure global plants; cut 6000 jobs

Wed, 05/19/2010 - 12:36 by Jaspreet Virk

In a bid to “increase manufacturing efficiency and cut down costs,” Pfizer Inc., one of the world’s biggest research-based pharmaceutical companies, will be cutting approximately 6000 jobs over the next several years.

Sony to halve suppliers by 2011

Thu, 05/21/2009 - 18:53 by Jamie Anderson

Tokyo, May 21: With an objective of cutting its procurement cost by 20 percent, Sony Corp (TYO: 6758; NYSE: SNE) plans to halve the number of its suppliers in the next couple of years.

5 Smart Ways to Save on Household Expenses

Mon, 05/04/2009 - 12:51 by Daisy Sarma

All of us like to live well, one of the reasons we find the household-related expenses on the steeper side with passage of time. However, it is prudent to flow with the times and today, when we are in the middle of an economy in recession, it makes sense to trim household expenses so you are not left wondering how to take care of other necessities. Cost-cutting, like charity, works best when it begins at home!