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English definition of “cost-cutting”


noun [U]     /ˈkɒstˌkʌtɪŋ/
the process of reducing how much a company or organization spends: Restructuring and cost-cutting has led to an increase in annual earnings for the industry.
cost-cutting adjective [before noun] cost cut noun [C]
(Definition of cost-cutting noun from the Cambridge Business English Dictionary © Cambridge University Press)
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