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"They understand that the key to success is to trim costs and stay competitive."

Would the tournament be staged entirely in one part of the country to trim costs?

He said the company has completed about 40 percent of its plan to trim costs.

The reduction is part of a company-wide move to trim costs.

Thus far, however, company executives say they see no need yet to go back and try to trim costs further.

Other foreign companies are also going ahead with layoffs, trimming costs and putting new projects on hold.

It had been put up for sale as part of Chrysler's effort to trim costs.

"We've had to do a number of things to trim costs in all departments, including the news department."

Leaders of Northwest's 26,000-member machinists' union also said they were working with the company to trim costs.

The company was able to trim costs by computerizing its accounting system.