Ernst & Young presents solutions for long-term sustainable cost reduction

    Ernst & Young spokespeople will address an event organized by Financial
    Executives International (FEI) Canada

    MONTREAL, Feb. 5 /CNW Telbec/ - Although government intervention has
bolstered companies in some of the industries hardest hit by the financial
crisis, Ernst & Young believes that businesses that implement a long-term
sustainable cost reduction model will emerge from the crisis stronger than
    "As a rule of thumb, businesses shouldn't wait for crisis situations to
maximize their cost management performance," stated Alain Beaudry, a Business
Advisory Services partner with Ernst & Young. "But during this economic
slowdown, the time is right for reflective thinking, analysis and
reorganization to be poised to spring into action when the economy recovers."
    During the event organized by FEI Canada, Alain Beaudry and his colleague
Martin Brunelle will review the principles and key success factors of cost
reduction. They will share their hands-on experience and present their point
of view on the CFO's pivotal role in steering such initiatives.

    - Topic: Long-term sustainable cost reduction
    - Speakers: Alain Beaudry, Partner and Martin Brunelle, Senior Manager,
      Business Advisory Services, Ernst & Young
    - Date and time: 5 February 2009, noon to 2:00 p.m.
    - Location: Fairmont The Queen Elizabeth, 900 René-Lévesque Blvd. W.
    - Room: Salon St-François
    - Registration: please call Monica Rocheleau, FEI Canada Coordinator, at

    Ernst & Young's professionals are available to present best practices for
cost reduction plans and comment on the viewpoints raised during the FEI
Canada event.

    About Ernst & Young

    Ernst & Young is a global leader in assurance, tax, transaction and
advisory services. Worldwide, our 135,000 people are united by our shared
values and an unwavering commitment to quality. We make a difference by
helping our people, our clients and our wider communities to achieve their
potential. For more information, please visit

For further information:

For further information: Julie Fournier, (514) 874-4308,

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