The ballot does not change the reality that [euro]300million in payroll savings
are required this year and [euro]1billion up to 2015.
The increase is believed to be due to payroll savings
, which were EUR10million more than Aer Lingus had anticipated.
The county identified a $112 million potential deficit, which the proposed budget eliminates with a small property tax increase, payroll savings
, targeted spending reductions, and the repeal of the apparel exemption.
Ronald Allen, the Company Chairman, stated, "All of the trends in operating results are very positive and include a 26% improvement in Gross Margins attributable to significant productivity gains in direct labor combined with reductions in manufacturing overhead expenses, and a sizeable reduction in General and Administrative expenses that primarily reflects payroll savings
from the implementation of a flatter organization structure.
Project-related cost savings and annual payroll savings
from increased user and IT staff efficiency averaged almost $20.
associated with changes in support functions will account for $30 million of the $45 million.
The latest personnel changes are expected to provide Sun Country an additional $6 million in payroll savings
over the next year.
One example is a voluntary payroll savings
program implemented during the third quarter.
Annual payroll savings
as a result are expected to be approximately $3 million.
By consolidating all the servers and the support staff, school districts are able to cost justify this approach based on hardware, software and payroll savings
More than 60% of Raytheon's employees enroll in this payroll savings
The committee will organize local efforts to support of the purchase of Savings Bonds, including through payroll savings
plans and over-the-counter sales at financial institutions.