# cost cutting
Latest news and articles about cost cutting
Total: 3 articles found
Bird’s‑Nest Brand Tightens Belt and Recasts Premium Product for Mass Market as Sales Stagnate
Yan Zhiwu reported a slight revenue decline to RMB 2.001 billion in 2025 alongside a 20.6% rise in net profit driven by cost reductions and factory upgrades. The company is pivoting from pure premium bird’s‑nest products toward lower‑priced convenience formats and peptide‑based extensions, but channel weaknesses and brand risks leave growth prospects uncertain.
Volkswagen Cuts One-Third of Executives and Reorganises Factories as China EV Shock Hurts Profits
Volkswagen is cutting a third of executives in its core brand cluster and consolidating factories into five production regions as part of a drive to save €1 billion by 2030. The measures respond to a sharp sales slowdown in China, steep declines in local EV volumes and tariff pressures in North America that have eroded profits and forced tougher restructuring.
Haidilao’s Founder Returns as Cash‑Strapped Youth Sap Growth
Haidilao’s founder Zhang Yong has returned as CEO after four years amid a sharp deterioration in traffic and profitability: first‑half 2025 revenue fell 3.7% and net profit 13.7%, with customer visits down 10 million. The chain’s high labour costs, failed expansion, and mixed results from incubated sub‑brands have left it vulnerable to increasingly price‑sensitive young consumers, forcing a management rethink on efficiency and product strategy.