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Pinching Pennies at GM — Cost Savings Gone Wild

It appears as if GM is finally realizing that its back is up against the wall. Or so it would appear, according to this Wall Street Journal article that suggests GM is taking drastic steps to pinch pennies. How drastic? Try replacing mechanical penci...

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Fox Racing Cuts Labor Costs by 14 Percent with HighJump Software and Fortna

EDEN PRAIRIE, Minn. & NASHVILLE, Tenn.--(BUSINESS WIRE)--HighJump Software and Fortna Inc. today announced that Fox Racing has seen impressive cost savings and productivity gains after implementing the HighJump

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BIOLASE Technology, Inc.: BIOLASE Cuts Quarterly Fixed Costs by $2 Million or 20 Percent

IRVINE, CA (MARKET WIRE) BIOLASE Technology, Inc. (NASDAQ: BLTI) today announced it has reduced its quarterly fixed cost structure by approximately $2 million or 20 percent. The Company is currently completing an approximate 20 percent domestic work force reduction and is in the final stages of reviewing additional cost savings in its international subsidiaries.

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Tower Semiconductor Continues Execution of $60 Million per Year Cost Reduction Plan

MIGDAL HAEMEK, Israel, December 1 /PRNewswire-FirstCall/ -- Tower Semiconductor Ltd. (NASDAQ: ; TASE: TSEM), an independent specialty foundry, continues to execute its previously announced cost reduction plan, expected to result in approximately $60 million of annual run-rate savings commencing in 2009. This plan focuses on synergies inherent in the merger and integration with Jazz Technologies,...

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A Maturing Google Buckles Down and Searches for Cost Savings

A Maturing Google Buckles Down and Searches for Cost SavingsCompany not Known for Penny-Pinching Cuts Staff, PerksNEW YORK (AdAge) -- The recession is reverberating even in the freewheeling halls of the Googleplex. Proving that even the search giant isn't immune from the vagaries of the economy, Google is cutting its 10,000-strong contract staff, nixing some new products that won't pay...

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AAM to slash further £20m from costs – and won't rule out job cuts

ABERDEEN Asset Management yesterday refused to rule out job cuts as it unveiled plans to slash a further £20 million from its costs.

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7 ways to cut your software costs during the economic downturn

... in the ERP market; for instance, hosted applications vendor NetSuite Inc. recently promised 50% cost savings to users of and that switch to its software.Vendors like and Salesforce.com are unlikely to sit back and watch their customers go elsewhere. So users should be in a good position to play vendors off against each other "and then take advantage" of the heightened competition,...

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As Storage Costs Decline, Alamy Takes Mo' Money

Yes, as the costs of storage continue to decline, as well as the costs for server technology as well, it would stand to reason that your partner in stock image licensing would share in these cost savings by giving you, say, a greater piece of each sale? Then again, why bother. They've gotten to be so big that they can just do as they please, and take more of...

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Transformation 101: Technology is driving down the cost of teaching undergraduates. So why are tuition bills going up?

According to Kevin Carey with Education Sector, computer-based learning at universities improves instruction, lowers costs, and moves students in the direction of outcome-based assessment. These are all good things. But instead of passing the cost savings along to the customer (the students and tax-payers), universities are pocketing the savings and raising tuitions at...

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Minister: Health and safety cost-cutting 'is not on'

Employers have been told by the Minister for Labour Affairs Billy Kelleher not to cut back on safety to achieve cost savings in the current economic slowdown.

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Cost Savings as a Driver for Cloud Computing

Preferred Hotel Group provides an example of the cost savings some companies can capture by moving to a cloud computing platform. Read more at our web site

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Extreme Saving Strategies, Secure Your Virtual and Physical IT Environments

Did you know it's possible to cut IT costs without impacting day-to-day IT operations? In fact, when you download this white paper from Riverbed on cost-savings through wide-area data services, you'll discover how businesses of all different sizes have realized a return on investment in just a few months through significant hard cost savings in areas such as bandwidth...

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Transite Technology Cuts Shipping Costs for Olympia Chimney Supply

RALEIGH, N.C.--(BUSINESS WIRE)--Transite Technology, a leading provider of supply chain transportation and logistics management software and services, has worked with Olympia Chimney Supply to cut shipping costs and

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Research and Markets: A Comprehensive Cost-Saving Guide-Book of 100+ IT Cost-Saving Actions with Complete Detail on When and How to Apply Those Actions

In this era of economic down-turn, companies are under increasing pressure of cutting down the cost. IT cost always come-up as a front-runner for the cost reduction. We provide you a world-class frame-work and practice-kit to help reduce IT cost in smart way. “Cutting-away IT fat through a scalpel, while preserving and strengthening the muscles.”

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Art World Cost Saving Datapoint of the Day

According to Alexandra Peers , the trendy way to economize these days is to increase Champagne consumption: at Art Basel Miami Beach, she says, "many events are doing just Champagne, to cut out the bartenders." I can't make the sums work here. Champagne at $30 per bottle works out at $5 per glass. A bartender serving 100 drinks an hour and making $40 an hour would cost just 40 cents per drink. Given...