This gives companies financial flexibility and hence helps protect ordinary dividends, reduces the need for panic asset sales and major reductions in staff numbers. (carbontracker.org)
The bank is in workout mode, cutting costs, making heavy provisions for bad loans and trading losses, and, most recently, announcing a 15 % reduction in staff levels. (gfmag.com)
He would not be specific but said that obviously entails reduction in staff and reduction of programs and services. (rocklandtimes.com)