Word: lower-cost
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...future of its 4.4 million citizens depends upon attracting multinational corporations along with hundreds of thousands of ambitious, educated (and preferably wealthy) foreigners to work and live there. Like other Asian tigers such as Taiwan, Singapore is losing high-tech manufacturing jobs-once crucial to economic growth-to lower-cost countries such as China. Manufacturing now provides work for just 20% of the island's 2.5 million workforce, down from 33% a decade ago, a decline reflected in people's paychecks. The poorest 30% of Singaporeans have seen their wages drop consistently for the past five years, according to United...
...advance $1 million a week to keep it afloat. The plan they presented to the board was radical. "We were changing where the product was made, where it was stored and who it was sold to," Von Lehman notes. Among the changes: transfer manufacturing and storage from Mexico to lower-cost China, update marketing, reduce the number of styles and customers, and dump millions of outdated inventory. In addition, the team recommended consolidating company functions in Columbus by replacing the New York City sales office with a showroom and shuttering the San Antonio operations center. The plan also called...
...AirTran, JetBlue and Spirit are bidding for part of the $2 billion the Department of Defense spends annually to move personnel and equipment around the world. Traditionally, major passenger and cargo airlines have dominated that business, but they may soon find themselves in a bidding war with the lower-cost carriers...
...reforms produced results, veterans began "voting with their feet," says Dr. Jonathan Perlin, who just resigned as the VA's health under secretary. Hundreds of thousands abandoned private physicians and enrolled in the lower-cost and higher-quality VA care. But that created a new problem. The VA's budget from Congress (currently about $30 billion annually) couldn't cover the influx. By January 2003, with hundreds of thousands waiting six months or more for their first appointment, the VA began limiting access to only vets with service-related injuries or illness or those with low income...
...better or worse, Mangalore's fate is in the hands of outsiders. "Tier 2 cities" like Mangalore are believed to hold the key to the future of the Indian outsourcing industry. With wages rising in big cities like Bangalore and Bombay, tech companies must expand fast in lower-cost cities. But Mangalore shares the problem of other small cities with big aspirations: it's not an exciting place to live. "Lifestyle is a challenge when you're trying to get people from outside to stay here," Sudhir Albuquerque told me. Albuquerque, an Infosys executive, was taking me around the company...