2008 bonuses have been scaled back

2008 bonuses have been scaled back substantially and people on bonus plans will receive no salary increases this year. Expenses like training and travel have been significantly cut back. External hiring has to be approved by me personally. We’ve accelerated the consolidation of manufacturing facilities around the world, stopped the production of products made in very low volume, and consolidated operations wherever we can. We’ve realigned our support operations – including human resources, training, finance and marketing – to achieve better synergy at lower cost. We’ve streamlined product development and engineering by combining two product development organizations into one. So we are taking a long list of actions aimed at getting our expenses aligned with the realities of faltering economies in just about every corner of the globe. Our investments over the years in Lean Six Sigma have given us a set of tools and processes that simplify and reduce the cost of managing our global operations. For us, it’s not an event, but a way of life. The management team I’m privileged to lead is a seasoned group that knows all about belt-tightening and is eager to deliver the best possible shareholder value that conditions allow. You place a lot of trust in us. It’s something we take very seriously.

Kết quả (Anh) 2:

2008 scaled back substantially được bonuses and People on Plans will receive no salary bonus increases this year. Expenses like training and travel back được significantly cut. External hiring has to be approved by me Personally. We've accelerated the consolidation of manufacturing facilities around the world, stopped the production of products made in very low volume, and consolidated operations wherever WE CAN. We've realigned our operations support - Including human resources, training, finance and marketing - Achieve better to synergy at lower cost. We've streamlined product development and engineering by Combining two Organizations product development into one. We Are So taking a long list of actions Aimed at getting aligned with the Realities Expenses our of just about every print Economies faltering corner of the globe. Investments over the years print Our Lean Six Sigma have given us a set of tools and processes simplify and Reduce the cost mà of Dressing, our global operations. For us, it's not an event, but a way of life. The management team is lead I'm privileged to a seasoned group knows all about belt mà-tightening and is eager to deliver the best possible The Shareholder value mà conditionsEND_SPAN allow. You place a lot of trust in US. It's something very seriously chúng take.