Changes are driven by various factors like expansion of business, mergers, competitive pressure, cost-cutting, policy changes, and more.

这些变更是由各种因素驱动的，比如业务扩张、合并、竞争压力、成本缩减、策略变更等等。

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Sony's Welsh-born chief executive, Sir Howard Stringer, has imposed a tough cost-cutting regime and refocused attention on the group's electronics business in to challenge rivals such as Apple.

索尼·威尔士出生的首席执行官，霍华德·斯·金格Howard Stringer，在公司推行严格的成本削减制度，并把重点重新放在集团的电子产品业务上，以挑战苹果公司等竞争对手。

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The tourism business made a euro 400m profit last year and cost-cutting should ensure that profits are sustained.

去年旅游业务为公司带来了4000万欧元的利润，减少开支将确保这一利润的稳定。

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It will be the first increase in three years and reflects rising profitability and cash reserves being achieved through cost cutting and business growth in emerging markets.

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The company said sales in its pharmaceuticals business offset healthcare cost-cutting efforts by some European governments.

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Vicious cost-cutting does not change a business strategy.

ECONOMIST: Commerzbank