A mandate for restructuring advisory firm AlixPartners to reduce overheads for the loss-making builder was completed at the end of last year.
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For the carriers themselves, the startup promises to send them more business and reduce overheads as it's effectively a cheaper middle person, with lower overheads itself.
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"The survey results indicate that companies are becoming increasingly risk-averse and eager to reduce overheads in the face of weakened customer demand and rising political uncertainty," Williamson said.
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AlixPartners' contract to reduce overheads at Arabtec was completed at the end of last year, the sources told Reuters on Sunday, declining to be named as the information is not public.
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Standard Chartered will cut one in every 10 of its global headcount in corporate and institutional banking, according to media reports, as the lender makes a new effort to reduce overheads to restore its profitability.
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The government has pushed weaker lenders to sell non-core assets, reduce overheads and shut loss-making branches, but more can be done to improve efficiency in the banking sector as a whole, according to a recent report by the Brookings Institution.
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Hong Kong-listed shares of Standard Chartered fell 0.81 percent after the South China Morning Post reported the British bank will cut one in every 10 of its global headcount in corporate and institutional banking as it makes a new effort to reduce overheads to restore profitability.
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White and Poppe remained a distinct entity but during the Great Depression Dennis Brothers elected to reduce overheads by manufacturing its own engines in their Surrey works and source Diesel engines elsewhere and closed White and Poppe's operation, finally disposing of their Coventry buildings and unwanted plant and machinery in mid 1933.
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An abundance of unforeseen injuries affected the team's performances in the Second Division and they struggled to come to terms with a higher grade of football. On 13 May 1981, Griffiths resigned after an internal disagreement with the board. A season of heavy winter's snow had caused many postponements, and gate receipts had virtually dried up. Griffiths was asked to cut the playing staff, his backroom staff and the youth development team to reduce overheads.
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The Times, Wednesday, 21 October 1998; pg. 28; Issue 66338 In 2000, aiming to reduce overheads, Mayflower and Henlys Group merged their British bus-making operations into a joint venture. Owned 70 per cent by Mayflower and 30 per cent by Henlys, the joint venture merged Alexander, Dennis and Henlys' Plaxton into one corporate unit with the name TransBus International. The factories concerned employed 3,300 staff in seven places in England, Scotland and Northern Ireland.
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From this point onwards, neither Ralph Bagley nor Benjamin Wright sat on the ESCC Board although they continued to own substantial share holdings in the ESCC. From the ESCC's perspective, the collection of firms that formed the basis of their operation was identified as being inefficient. Whenever there was a turndown in the market for sewing thread, the overheads due to running numerous mills, each with its own management and administrative structure, was a liability. By 1905, the company had decided that 'concentration' was required and steps were taken to reduce overheads and improve operating efficiency.
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The Open source hardware logo. Free content principles have been translated into fields such as engineering, where designs and engineering knowledge can be readily shared and duplicated, in order to reduce overheads associated with project development. Open design principles can be applied in engineering and technological applications, with projects in mobile telephony, small-scale manufacture, the automotive industry, and even agricultural areas. Technologies such as distributed manufacturing can allow computer-aided manufacturing and computer- aided design techniques to be able to develop small-scale production of components for the development of new, or repair of existing, devices.
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There followed a political struggle to end the system that was variously called servile, a system to maintain class power, or a relic of feudalism. A contribution to the decline of the tied cottage system was that fewer farm and estate workers were needed as a result of the rapid increase in mechanisation. In mid-century large numbers of tied houses such as those provided to village policemen or services personnel were sold off to reduce overheads, and council tenants (who may or may not have been council employees) under the "right to buy" movement were permitted to buy their rented properties at a discount. During a discussion on amendments to the Agriculture Bill in 1970, reference was made to the insecurity of tied tenants who, if they were no longer employed by the owner, could not expect to be automatically rehoused by the local council.
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