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  3. Cost Reduction Programs Marketing Exclusive Inc. provides customized cost reduction plans which are designed to improve profitab

Cost Reduction Programs Marketing Exclusive Inc. provides customized cost reduction plans which are designed to improve profitab

admin2011-04-03  73
问题 Cost Reduction Programs
Marketing Exclusive Inc. provides customized cost reduction plans which are designed to improve profitability. These plans are very structured and will cover a wide range of cost related areas of your organization. Following an initial consultation, we will clarify the short term and longer term objectives of your cost reduction plan and then work with you to develop and implement accordingly.
While a cost reduction plan can be implemented successfully in isolation from other business improvement activities, we suggest that you also review our productivity improvement service along with the business planning services and software that we offer.
Please contact us for further information.
STC Semiconductor Announced Cost Reduction Plan
The Company Plans to Reduce Its Workforce for the First Time after 2003’s Restructuring
STC Semiconductor Ltd. today announced that it is implementing a series of cost reduction measures to adjust its capital and operating expenditures to existing and short-term market conditions. STC plans an across-the-board workforce cutback of approximately 170 positions, representing approximately 12 percent of STC’s employee base.
The actions announced today are expected to be implemented by the end of the year and produce net annualized savings of approximately $20 million.
"In order to respond to the existing and short-term market conditions, our recent financial results and recent economic slowdown, we have made some tough decisions to reduce our workforce and cut costs." said Carmel Vernia, chairman and chief executive officer of STC.
"At the same time, we remain prepared to respond to customers’ needs, and committed to our most important strategy of establishing STC as a leading semiconductor manufacturer," added Vernia. "In line with our strategic roadmap, we expect to continue our level of investment in key process development initiatives that would improve our unique technologies, which are less effected by market conditions. We are confident that we will continue to provide the highest level of award winning customer service and deliver exceptional customer value."
How many employees will be affected by the cost reduction plan?
选项 A、More than 170 positions.
B、About 10 percent of all employees.
C、Less than 12 percent of all employees.
D、About 170 positions.
答案D
解析
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