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Fortun, Hutchinson Technology's president and chief executive officer, said the cost reduction efforts at the company were made necessary by current market conditions. Roscitt was chairman and CEO of ADC Broadband, where he implemented an aggressive cost reduction effort along with a complete product portfolio overhaul that returned the business to profitability. Ford has made steady progress in productivity and cost reduction efforts over the past several years, downsizing its cost structure in line with its market share losses and thereby avoiding more serious cash drains and balance sheet deterioration. |
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