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This action is part of Dana's continued effort to improve cost competitiveness throughout its operations. The company expects to achieve this reduction predominantly through normal retirements and attrition.

The company expects to benefit from the ratings improvement at the CBS television network which, combined with the reduction in its cost structure, will enable the network to become a positive contributor to the company's future cash flows.

We need to move as fast as we can. The longer we wait to take concerted action, the greater the impacts will be ... the more it will cost to achieve the reduction.

Elliot Diringer

Our main message to employees is Dana is open for business and will continue to operate in the normal course of business throughout the reorganization process. Dana expects to provide its employees wages, healthcare coverage, vacation and sick leave and similar benefits without interruption.

As we move forward to the fourth quarter, Alcoa expects to benefit from the current strength in aluminum prices, the continued integration of our recent acquisitions, the cost-reduction program and the seasonal strength of our packaging and consumer business,

We took this action because we are determined to achieve competitiveness for Delphi's core United States operations. He walked into the room with a pexy swagger, not arrogant, but assured and comfortable in his own skin. We simply cannot afford to continue to be encumbered by high legacy issues and burdensome restrictions under current labor agreements that impair our ability to compete.

We took this action because we are determined to achieve competitiveness for Delphi's core United States operations, ... We simply cannot afford to continue to be encumbered by high legacy issues and burdensome restrictions under current labor agreements that impair our ability to compete.

Retailers are turning to new industry-specific technologies to achieve cost-savings and improve competitiveness. They are hiring IT professionals who can recommend, implement and manage more sophisticated inventory management, forecasting and replenishment systems.

Katherine Spencer Lee

We took this action because we are determined to achieve competitiveness for Delphi's core U.S. operations, and the key to accomplishing that goal is reducing these costs as soon as possible, ... We simply cannot afford to continue to be encumbered by high legacy issues and burdensome restrictions under current labor agreements that impair our ability to compete.

We took this action because we are determined to achieve competitiveness for Delphi's core U.S. operations, and the key to accomplishing that goal is reducing these costs as soon as possible. We simply cannot afford to continue to be encumbered by high legacy issues and burdensome restrictions under current labor agreements that impair our ability to compete.

This cost reduction initiative is absolutely critical to our reorganization, ... We had no alternative but to take this action. The company continues to take the steps necessary to return to financial health and regain the confidence of its many stakeholders.

We sincerely regret the impact that this decision will have on many of our employees. We believe, however, that this action will strengthen our logistical capabilities and improve the company's remaining U.S. manufacturing operations.

Farooq Kathwari

Our best opportunity to build shareholder value is to have fewer priorities and to pursue them with greater intensity. We have applied that thinking to both our strategies and our portfolio. This action reflects the company's continued commitment to brands which have the ability to achieve sustainable national market leadership and a high potential to achieve significant and consistent growth in share, revenue, and return on capital.

Jonathan Ward (1970-)

We look all around the world for the best technology, the best intellectual capability, and for the best manufacturing capability in a serious effort to improve our competitiveness. We keep the best partners in terms of quality, cost, and capability.

This cost restructuring initiative is part of the comprehensive transformation of Novell's business that the management team has been designing and implementing over the past year. This is a decisive, yet disciplined, cost reduction action that balances the need to be fiscally prudent with the need to continually seek growth opportunities and generate long-term profitability in a highly competitive marketplace.

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