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Friday 21st of January 2011

News Tag: cut costs

October 14, 2010

Pension tax relief slashed as Government looks to save more money

by Kay Murchie
Pension tax relief slashed as Government looks to save more money
It has been announced that the Government is to reduce the annual amount of pension tax-free income in order to save £4 billion a year, to reduce the spiralling budget deficit. The tax-free amount is being slashed from £255,000 a year to £50,000 from April 2011. High earners will continue to be paid tax relief on pension savings ...

October 7, 2010

400 more jobs to go at London Underground

by Kay Murchie
London Underground (LU) has today announced it will axe a further 400 office and management jobs. LU says it is reviewing all non-frontline services in a bid to cut costs. The announcement comes after unions were enraged over the loss of 800 ticket office jobs, which has led to industrial action on the underground. Two further strikes are planned for November over ...

October 4, 2010

Alliance Boots cutting workforce to reduce costs

by Kay Murchie
Healthcare giant Alliance Boots has announced plans to reduce its headcount in order to save more than £50 million. The company said it will shed 900 non-store jobs by 2013 - with the majority of the cuts in Nottingham - its main UK base. They cuts will be implemented in the company’s health and beauty business, and related contract manufacturing activities. The company ...

April 7, 2010

Ryanair to charge £1 to spend a penny

by Kay Murchie
Budget airline Ryanair has confirmed it will go ahead with plans to charge passengers £1 or €1 to use the toilet. The no-frills airline said all onboard toilets will become coin-operated, while the airline is also slashing the number toilets, meaning there may be only one toilet on planes carrying almost 200 passengers. The airline already charges passengers to check ...

October 6, 2009

British Airways to axe 1,700 cabin crew jobs and freeze pay

by Kay Murchie
There is more turmoil for the airline industry today after British Airways (BA) continues to slash costs by wielding the axe on 1,700 cabin crew members and a two-year pay freeze. The airline admitted during the summer it was fighting to survive and has since been looking at ways to cut costs. BA, like many others, is struggling ...

July 20, 2009

Rise in part-time working as firms cut back in recession

by Kay Murchie
Figures released today by the Office for National Statistics (ONS) show the extent to which firms are having to cut costs as a result of the recession. According to the ONS, in the three months to May, 927,000 people said they were being forced to work part-time because they cannot find a full-time job. This is an increase ...