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Reports said HBL has laid off as many as 180 employees in a single go in the perspective of bank's recent shift in strategy that is now more focused towards cost cutting. According to details some 180 HBL employees were served with forced retirement and job termination letters late Friday.

Cost cutting is not related to global economic scenario.

This Is How CIOs Are Cutting Cost

Nader Sabry, Managing Partner at McGill Consulting Group indicates, "This is a healthy sign that a balanced approach in cost-cutting has and is being taken." He added, "Cost cutting can become a habit that blinds decision-makers and weakens their ability to rebound when needed."

Cost-cutting behaviour in the GCC: cut-throat or considerate?

One industry insider said yesterday it was likely the West Midlands was now the focus of JLR's cost cutting.

JLR denies plant closure rumours

According to Cost Cutting in IT, a study by Gartner Inc., Stamford, Connecticut, the current economic situation calls for changes in managing IT spending.

The wallet

Nissan Korea raises cost cutting efforts

Finnish Nokia to implement cost cutting affecting 1,700 jobs

Summary: With a slowdown in growth, Volvo Bus India Private Limited, the Indian arm of Sweden-based heavy bus and coach manufacturer said it was resorting to rigorous cost cutting exercise.

Volvo India takes up cost cutting measures

Allis-Chalmers Energy Inc (NYSE:ALY), a US-based company that provides oilfield services, has announced cost cutting measures due to decrease in active rig count in the US.

Allis Chalmers Energy Announces Cost Reduction Measures

In demanding economic times there is usually more attention paid to tactical initiatives in general, and to cost cutting initiatives in particular.

Ways to cut costs: Move to MPLS

The employer-employee negotiations over other possible cost cutting measures continue during this week.

Finnair Plc reaches no agreement with labour unions