cost saving
noun
ukus[U]
thefactofsavingmoney, or ofspendinglessmoneythan wasplanned:
In thepresenteconomicclimatecostsavingisvitaltoprofitability.
[C,usually plural]
anamountofmoneythat issavedor notspent:
achieve/make cost savingsWe shall beaskingalldepartmentsto makesubstantialcostsavingsthisyear.
cost-saving
adjective
Thecompanyplanstocut7,000jobsin acost-savinginitiative.