Cost-cutting

VW cost cutting necessary after ‘decades of structural problems’, CEO tells paper

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VW cost cutting necessary after ‘decades of structural problems’, CEO tells paper

Volkswagen’s planned cost-cutting programme was unavoidable in order to remedy “decades of structural problems” at the German carmaker, CEO Oliver Blume said in an interview published on Sunday. “The weak market demand in Europe and significantly lower earnings from China reveal decades of structural problems at VW,” Blume told Sunday paper Bild am Sonntag. The … Read more

Around 85% of UK Travellers Changed Plans Due To Cost-of-living Crisis in 2023

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Around 85% of UK Travellers Changed Plans Due To Cost-of-living Crisis in 2023

A new study has revealed cost-cutting tendencies amongst UK travellers as they try to put down on expenses amidst the cost-of-living crisis. The study conducted by hospitality industry software solutions and service provider Agilysys showed that 27 per cent of travellers in the UK rebooked the same hotel, leveraging past experiences. Hotels have also grasped … Read more