Saturday 10 October 2015
Cost cutting

Gulf Air restructuring drive saves $67m

Gulf Air, the national airline of Bahrain, reported BD25.5 million ($67.62 million) in cost savings last year, following the adoption of several restructuring initiatives, said its chief executive. 'I am glad to report that our several


Citadel narrows Q3 losses on cost cutting

Egyptian private equity firm Citadel Capital said on Sunday it narrowed third quarter losses by 30 per cent in 2011 despite a challenging local and regional environment. The company said it made a standalone net loss of 20.7 million Egypt


Panasonic to hack 40,000 jobs to cut costs

Japanese consumer electronics giant Panasonic Corp will slash 40,000 jobs over the next two years in a bid to pare costs and keep up with ever-harsher competition from Asian rivals, a source said on Thursday. The company, which employs abo

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