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India Inc rewrite rule book of cost cutting

By: A correspondent    

MiD DAY compiles a list of the top five cost-cutting measures adopted by various industries due to increase in cost pressure, reduction in margins and widening credit crunch.

Airlines and corporate houses
*Take b/w printouts instead of colour
*Cut down use of ACs by at least two hours a day
*Cut down on newspapers and magazines
*Fly only if necessary and by economy class; else use video-conferencing (VC) 
*Flights carry only half a tank of water for toilet use, as this reduces weight of the aircraft and, in turn, cuts fuel consumption

Real estate firms
*No parties on company expenses 
*Cut on toilet paper, soap and teabags
*Maintain AC temperature not below 20°C to save electricity
*Take a print out or photocopy only if required
*Switch off computers when not in use
*No increments, recruitment

Software firms
*No more teacups; stringent regulation of tea bags given to each work group
*Double check provision of toiletries
*Discourage intra-city travel for meetings; VC encouraged
*Cut down on all agency staff
*No replacement of staff; fire selected top officials with hefty pay packets

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