Sentences with phrase «company reduced its labor»

The company reduced its labor needs, going from a three - person shift to a one - person shift for both lines at a major cost reduction.

Not exact matches

Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.

Good community relations programs give employees a reason to be proud of the company, which increases loyalty and may help to reduce labor and production costs.

Carrier announced earlier this year that it planned to close the factories and move manufacturing jobs to Mexico, a change that was estimated to save parent - company United Technologies Corp. $ 65 million a year, in large part due to reduced labor costs.

Because it reduces price and increases volume, it suggests that if Uber ultimately succeeds, the company could have a much bigger impact on urban mobility, labor, the environment, local economies and the national transportation infrastructure than we've all supposed — and its effects could confound the expectations of its harshest critics.

Other benefits of the Ovis Cycle include reducing the company's use of herbicides and manual labor, as the sheep eat weeds and vines that would otherwise be removed manually.

In keeping with their philosophy of supporting their customers, the company removed the motherboard in its CAB USA machines, replacing it with switches to making it easily repairable by the owner, thereby reducing the cost of labor and parts.

The company claims that its system can reduce the time needed for solar rooftop installation by more than half, greatly reducing costs (labor costs alone are about 30 % of the total cost of a solar rooftop system — how much you save depends on local labor costs).

Breaking your payments into monthly increments costs the insurance company money in paperwork and labor hours, and that additional expense is passed onto you through small monthly fees; by paying your premiums all at once, you eliminate these fees and reduce your yearly costs.

A) Responsible for leading the development and implementation of a software solution which automated several processes, reduced labor, and saved the company approximately $ 500K.

B) Saved the company $ 500K, reduced labor, and automated several process by directing the development and implementation of a new software solution.

Properly managed, it is noted that extended workers can provide a significant competitive advantage by reducing labor costs, allowing companies to be more responsive to dynamic market conditions, and filling critical workforce gaps.

Reduced vendor count by 5 and saved $ 247k in annual maintenance spending and $ 480k in labor costs; Total savings $ 1.45 M. Developed a cost - effective risk - based security program across operating companies in multiple locations.

• Cultivated an extraordinary level of company loyalty, achieving a 10 + year tenure amongst 70 % of employees • Introduced a safety system that monitors equipment dynamically to prevent damage to utility lines • Decreased maintenance costs by 55 % by employing preventative maintenance activities on monthly basis • Reined in a colossal project that required complete replacement of landscaping in 7 parks across the city in the limited time of 3 months • Reduced equipment repairing and maintenance cost by 50 % by setting up an in - house maintenance unit • Filled 85 potholes within the city in record time of 2 weeks, following election preparations • Trained 52 newly hired maintenance workers in routine light and heavy labor work, pertinent to construction work and maintenance • Utilized extensive knowledge and skill of maintenance logistics to significantly improve work team's efficiency by 49 %

Key Achievements: • Implemented an automated payroll system which reduced labor cost by 40 % • Trained 12 new inductees regarding company's policy on accounts handling