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To help close these gaps, the city was planning on nearly $3 billion in cost reductions.
The government's projections of cost reduction for consumers are also under fire.
The company said the cost reductions would result in savings of more than $30 million a year.
Recent advances in medical technology have also focused on cost reduction.
"It's very clear that we'll have to make significant cost reductions."
He also said that 2009 -2011 was going to be a time of cost reduction.
So our emphasis has been on cost reduction and internal quality issues.
In 1973, under the new cost reductions, the 50th Avenue station is closed.
We've gone through four phases of cost reduction in the last 18 months.
In return, the companies could keep the fruits of any additional cost reductions.