Tag #Cost-Cutting

Showing 49 to 60 of 103 results

dw.com
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German Companies Relocate Production to Poland Amid Economic Crisis

Due to Germany's declining economic attractiveness, 22% of surveyed companies plan to relocate production to Central and Eastern Europe; Knorr Bremse is moving two-thirds of its Dresden production (40 job losses) to Poland, citing lower costs and faster permitting processes in Poland compared to Ger...

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36% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 85% Global Worthiness
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US Agencies Defy Musk's Demand for Weekly Accomplishment Reports

Following President Trump's return to the White House, Elon Musk, head of the newly formed Department of Government Efficiency, demanded weekly accomplishment reports from hundreds of thousands of federal employees, prompting defiance from key agencies like the FBI, State Department, and Pentagon, c...

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56% Bias Score

Decent Work and Economic Growth
us.cnn.com
🌐 75% Global Worthiness
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Starbucks to Lay Off 1,000 Workers, Cut Menu Items Amid Sales Decline

Starbucks announced Monday it will lay off over 1,000 corporate workers and cut 30% of its menu to reverse declining sales and revamp the coffee chain; the company's sales have been down for four straight quarters and hundreds of its stores have voted to unionize.

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44% Bias Score

Decent Work and Economic Growth
npr.org
🌐 75% Global Worthiness
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Trump Administration's Claimed Savings Shrink to $2 Billion Upon Review

The Trump administration's online tracker boasts $55 billion in savings from government efficiency, but NPR's analysis reveals only about $2 billion in verified savings, primarily from agency cuts, exposing discrepancies and raising concerns about transparency.

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52% Bias Score

Reduced Inequality
cbsnews.com
🌐 85% Global Worthiness
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DOGE's Cost-Cutting Measures Compared to Clinton-Era Program

President Trump's Department of Government Efficiency (DOGE), led by Elon Musk, is implementing rapid government spending cuts, drawing comparisons to President Clinton's 1993 "reinventing government" program; however, critics argue that DOGE's methods are legally questionable and may harm essential...

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44% Bias Score

Reduced Inequality
edition.cnn.com
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HSBC Exceeds Profit Targets, Announces Restructuring

HSBC reported a \$32.3 billion pre-tax profit for 2024, exceeding expectations, driven by growth in wealth and markets divisions. CEO Georges Elhedery is implementing a restructuring plan with \$1.5 billion annual cost cuts by 2026 and a \$2 billion share buyback.

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28% Bias Score

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europe.chinadaily.com.cn
🌐 75% Global Worthiness
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Manchester United Announces Further Job Cuts Amidst Financial Restructuring

Manchester United, facing five years of losses, announced plans to cut approximately 150-200 more jobs following a previous round of 250 redundancies, part of a restructuring aiming to return to profitability and improve facilities despite a challenging season.

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52% Bias Score

Decent Work and Economic Growth
nrc.nl
🌐 85% Global Worthiness
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Musk's NPS Layoffs Spark Outrage, Jeopardizing Park Operations

Elon Musk, acting under President Trump's directive, fired thousands of National Park Service employees, including seasonal workers and those on probation, prompting outrage and protests due to potential risks to park operations and visitor safety; the NPS director is now attempting to partially rev...

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52% Bias Score

No Poverty
forbes.com
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Defense Department Halts Layoffs Amidst Musk-Led Cost-Cutting Efforts

The Department of Defense temporarily paused a plan to lay off thousands of probationary employees after the Elon Musk-led Department of Government Efficiency initiated cost-cutting efforts, proposing 8% annual budget cuts—the largest in over a decade—but exempting areas such as border security and ...

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40% Bias Score

Reduced Inequality
aljazeera.com
🌐 85% Global Worthiness
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Trump Proposes $800 Billion in Payouts and Debt Reduction Using Musk's Savings

Former President Trump suggested using $800 billion—20 percent of projected savings from Elon Musk's cost-cutting initiative—for public payouts and debt reduction, sparking debate among experts regarding feasibility and potential impacts on government services.

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44% Bias Score

Reduced Inequality
faz.net
🌐 75% Global Worthiness
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Mercedes-Benz Implements Cost Cuts Amidst Declining 2024 Profits

Mercedes-Benz announced a 4.4 percent revenue drop to "107.761 billion euros and a 40 percent adjusted operating profit decline to "8.677 billion euros in 2024, prompting cost-cutting measures targeting 10 percent production cost reduction by 2027 and a product offensive to restore double-digit sale...

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48% Bias Score

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us.cnn.com
🌐 75% Global Worthiness
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DeJoy to Resign as Postmaster General

Louis DeJoy, Postmaster General of the United States Postal Service since June 2020, announced his resignation on Monday, concluding a tenure marked by efforts to modernize operations, cost reduction, and navigating the challenges of increased mail-in voting during two presidential elections.

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40% Bias Score

Decent Work and Economic Growth

Showing 49 to 60 of 103 results