cost-cutting measure
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cost-cutting measure
A targeted action or regulation intended to reduce expenses and save money. Such measures are often taken by governments, companies, or private individuals.
Aufgrund der schlechten Wirtschaftslage beschloss die Firma drastische Sparmaßnahmen.
Due to the poor economic situation, the company decided on drastic cost-cutting measures.
The word is made up of the stem of the verb 'sparen' (to save) and the noun 'die Maßnahme' (measure). So it literally means a 'Maßnahme zum Sparen' (measure for saving).
Jede einzelne Sparmaßnahme wurde im Team diskutiert.
Every single cost-cutting measure was discussed in the team.
'Sparmaßnahme' (cost-cutting measure) is often combined with verbs that express a decision or action. Typical combinations are: 'Sparmaßnahmen ergreifen' (to take cost-cutting measures), 'beschließen' (to decide on), 'einführen' (to introduce), or 'umsetzen' (to implement).
Die Geschäftsführung hat neue Sparmaßnahmen beschlossen.
Management has decided on new cost-cutting measures.
This word belongs to formal language and is frequently used in the news, politics, and business. It often appears in the plural ('die Sparmaßnahmen' — cost-cutting measures), since it usually refers to a whole package of actions.
Die angekündigten Sparmaßnahmen betreffen vor allem den öffentlichen Dienst.
The announced cost-cutting measures mainly affect the public sector.
saving / reduction
'Einsparung' and 'Sparmassnahme' both have to do with lower expenses or lower consumption. A 'Sparmassnahme' is the action or rule used to try to save money, for example a new rule in a company. An 'Einsparung' is either the process of saving or the result of it, that is, the amount or quantity that was not used. The words can be confused because they occur in the same context. A practical way to remember it is: ideally, the Sparmassnahme leads to an Einsparung.
Als Sparmassnahme schaltet die Firma abends alle unnötigen Geräte aus.
As a cost-cutting measure, the company switches off all unnecessary devices in the evening.
Durch die neue Heizung ist die Einsparung bei den Energiekosten deutlich größer als erwartet.
Thanks to the new heating system, the saving in energy costs is much greater than expected.