The company also announced a cost-cutting plan that will include an 18%-20% staff reduction.
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By contrast, she wrote, a recent cost-cutting plan from Pfizer (nyse: PFE - news - people ) is expected to save twice that much as a percentage of costs.
In December, Prince unveiled a cost-cutting plan led by investment banking head Robert Druskin.
The workers are taking the action because the company is implementing a 5m euros cost-cutting plan.
Part of the cost-cutting plan involve consolidation offices, relocating more people to the corporate HQ in Sunnyvale, California.
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Until bigwigs in Brussels and Washington are ready to outface their cosseted farmers, Mr Zoellick's tariff-cutting plan will go nowhere.
By contrast, she wrote, a recent cost-cutting plan from Pfizer is expected to save twice that much as a percentage of costs.
She says the cost-cutting plan is going take about three years.
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But the glass maker sees a difficult year ahead in 2013, and said it expects to install a cost-cutting plan that would include some job cuts.
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The Formula One Teams Association (Fota) said as well as a package for 2010, an agreement for a cost-cutting plan for 2009 had also been reached.
The struggling bank, due to report third-quarter earnings Tuesday, got a 6.6% boost on the Swiss stock exchange after the Wall Street Journal reported the job-cutting plan Monday.
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Meanwhile, Hong Kong's Cathay Pacific airline denied local reports that it was considering a cost-cutting plan to ground all flights as the region's carriers feel the effects of plummeting passenger numbers.
Only nine Democrats supported the bill which went through the House on April 18th, and most of those Senators who backed the tax-cutting plan last year do not now favour its extension.
The across-the-board budget reductions, the result of Washington's failure to work out a long-term, deficit-cutting plan in November 2011, essentially shut down some government agencies, though it had a negligible impact on others.
Prince has been trying to make things right by shuffling executives and putting a big cost-cutting plan in motion, but that hasn't stopped speculation that the company would be better off broken up into pieces.
So the Unger Report releases its eight-point plan for cutting back on oil consumption this summer.
Applicants must demonstrate cutting-edge research, a business plan with potential economic impact on the St.
And the Unger Report eight-point plan for cutting back on oil involves a bonus ninth point, just sit in your car and listen to NPR until your battery dies.
America's biggest airline, American Airlines has prepared a glide path down to Chapter 11 by laying out a cost-cutting strategy and a financing plan before it asked its workers to agree to wage cuts.
If the private sector does not meet certain cost-cutting targets in, say, five years, a public-sector plan should automatically kick in.
America's government, for instance, needs a medium-term plan for deficit reduction, but cutting back spending viciously in the short term at a time of private-sector retrenchment would be a mistake.
Surprisingly, Sun's resurgence appears to be based not only on the boring stuff of lay-offs and cost-cutting, but also on a vigorous plan to grow in an industry that is supposedly stagnant.
The plan also includes innovative tactics and cutting-edge tools, like geographic information-system maps that combine cartography and database technology to help locate children who have not been reached by vaccinators.
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Rather, his plan included selling non-core assets, cutting expenses and improve earnings.
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But Moynihan has spent much of the last year pushing to get BofA working again by cutting costs with his Project New BAC plan, and selling non-core assets like its non-U.S. wealth management unit, for instance.
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Last month it had warned that it would make a loss related to the cutting of 6, 000-7, 000 posts by 2016, a plan that was announced in January.
The International Cricket Council's plan to revamp the 50-over World Cup by cutting it down to 10 teams, while increasing the World Twenty20 to 16 teams instead of 12, has drawn criticism from Kenya, Ireland and Canada and the Netherlands.
Obama said he was hopeful that an efficiently run public plan could help push private insurers to make similar cost-cutting moves.
His plan to boost capital levels by cutting billions in costs and selling non-core assets appear to be working.
Mr Waddell said he urged Rolls-Royce to abandon the plan and talk to the union about measures to improve competitiveness without cutting staff.
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