cost saving Meaning in the Cambridge English Dictionary

Meaning of “cost saving” in the English Dictionary

"cost saving" in Business English

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cost savingnoun

uk   us  
[U] the fact of ​savingmoney, or of ​spending less ​money than was ​planned: In the ​presenteconomicclimatecostsaving is vital to ​profitability.
[C, usually plural] an ​amount of ​money that is ​saved or not ​spent: achieve/make cost savings We shall be ​asking all ​departments to make ​substantialcostsavings this ​year.
The ​companyplans to ​cut 7,000 ​jobs in a cost-saving ​initiative.
(Definition of cost saving from the Cambridge Business English Dictionary © Cambridge University Press)
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