Labor & Employment Law

Is there a better way to cut costs?

By Michael Fitzgibbon

That's what McKinsey & Company ask in a short Conversation Starter article.  The article starts:

That is startling - only 53 percent of executives think that doing so has helped their companies weather it [the global economic crisis].   Cutting costs often means reducing headcount and taking salaries and benefits and other associated costs out of the business.  If 53% don't think that the cost cutting measures they've employed have helped, it makes you wonder what they're going to look like once this financial crisis ends. 

Full post as published by Thoughts from a Management Lawyer on November 08, 2009 (boomark / email).