Tag: cost-cutting
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City & Guilds owners triple exec pay amid £22m cost-cutting drive
Overview The City & Guilds Group, owned by new owners, has reportedly increased the pay of its six highest-earning executives by more than threefold, even as the organization implements a £22 million cost-cutting initiative that includes reducing its UK workforce. The timing and scale of these pay adjustments have sparked questions about governance, strategic priorities,…
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City & Guilds owners triple executive pay amid £22m cost-cutting drive
Overview: executive pay vs cost-cutting at City & Guilds New ownership at City & Guilds appears to have substantially increased the remuneration of its six highest-paid executives, even as the vocational training body announces a sustained drive to cut costs by about £22 million and shrink its UK workforce. The contrast between higher executive pay…
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City & Guilds Owners Face Backlash as Executives’ Pay Surges During £22m Cost-Cutting Push
Overview of the Situation In a striking development for the vocational education sector, the new owners of City & Guilds have been accused of tripling the pay of the organisation’s six highest-earning executives just as the body undertakes a substantial cost-cutting program. With reports pointing to a £22 million plan to trim costs and reduce…
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Slash Your Subscriptions: How to Cancel Zombie Memberships and Save Up to £400 a Year
Unlocking savings hiding in plain sight Many Britons are unknowingly paying for subscriptions they rarely use. A recent survey shows households can spend up to £1,200 a year on recurring services, yet a surprising portion of these are what experts are calling “zombie” memberships—subscriptions that linger long after their value has faded. By auditing and…
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Asos Losses Shrink as It Presses Ahead with Strategic Review
Asos narrows losses amid ongoing strategic review British online fashion retailer Asos plc reported a narrowing of losses for the 52 weeks to 31 August 2025, signaling some resilience as the company presses ahead with its strategic review. The firm posted an operating loss of £212.3 million, an improvement from £331.9 million in the previous…
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Interpath-owner Eyes £900m Sale Amid Manchester United Cost-Cuts and Sir Jim Ratcliffe Link
Interpath Advisory, the restructuring firm that sits behind one of the most high-profile corporate turnaround stories, is poised for a substantial sale this week, with discussions centring on a price tag near £900 million. The move comes as the parent owner, private-equity investor H.I.G. Europe, signals a broader appetite for strategic exits in the turnaround…
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Nestlé to axe 16,000 jobs to boost sales growth
Nestlé unveils ambitious cost-cutting plan Nestlé, the owner of KitKat and Nescafé, announced a sweeping restructuring that will see 16,000 jobs cut over the next two years. The company aims to streamline costs and accelerate sales growth as it faces a challenging macro backdrop, currency headwinds, and shifting consumer demand. The cuts represent about 6%…
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Concerns Over Deutsche Bahn’s Cost-Cutting Plans
Introduction: Rising Concerns for Deutsche Bahn Passengers Recent cost-cutting plans announced by Deutsche Bahn (DB) have escalated concerns among politicians and consumer advocates. These plans could potentially lead to fare increases and a reduction in services offered on long-distance routes. Stakeholders are voicing their apprehensions, stressing the need for reliable rail transport in Germany. The…