The utility is in the midst of a cost-cutting drive to enable it to live with lower revenues.

Congress will embark this week on a major cost-cutting drive that conservative Republicans see as their party's chance to revive its reputation for frugality.

A cost-cutting drive is another corporate event that can spur a phone call to an internal-communications specialist.

The results were very positive for staff generally, with senior managers scoring relatively high figures, despite the survey being held after a major cost-cutting drive:

Kenetech has also begun a cost-cutting drive, which includes planned layoffs for many of its 900 workers.

But in a cost-cutting drive, New York has been pushing hard to reduce its patient census and to shut state hospitals.

The company's results were helped by a cost-cutting drive which saw Merck shave marketing and administrative expenses by 12% over the three months.

In 1994, he announced his cost-cutting drive.

A cost-cutting drive trimmed expenses by $72 million in the period.

This reassessment comes on top of a cost-cutting drive aimed at saving half a billion dollars at its film division.