Renault, the French automotive group, has outlined a £3 billion cost-cutting plan. Louis Schweitzer, the company’s chairman, said that the programme would include £1.53 billion of savings from purchasing.
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Renault, the French automotive group, has outlined a £3 billion cost-cutting plan. Louis Schweitzer, the company’s chairman, said that the programme would include £1.53 billion of savings from purchasing.
Small businesses are unimpressed with government support services, according to a survey by Strathclyde University for the Federation of Small Businesses. The report, based on 22,000 replies from business, found that only 8 per cent of companies were satisfied with government business support services, with 7 per cent satisfied with local council support.
Competition in purchasing services for the healthcare industry has intensified with the launch of a joint venture between the Crown Agents and Belmin Purchasing Systems.
Construction company Alfred McAlpine has announced plans to abolish its policy of holding back 5 per of fees from subcontractors to cover extra costs. The industry-backed Construction Liaison group is campaigning against the policy. The announcement is part of a drive to raise standards.
A euro transfer payment system, Stepyl, adopted by major European banks, is expected to speed up euro transfer payments, according to the Euro Banking Association. Paperwork should be reduced and payments should be completed within two days.
The contract clothing division of textiles company Coats Viyella, a supplier to retailer Marks & Spencer, is to remain open after a management buy-out this month.
Charles Jennings and Lori Fena
Free Press, £18.99
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