Undertaking cost-cutting
- Slimming down industries
Context
Firms undertake cost-cutting if they are not profitable or not competitive, or if they wish to improve their competitiveness or savings. Typically, cost-cutting means job-cuts, thus significantly reducing labour costs. Cost-cutting can be most severe and controversial when a firm faces bankruptcy.
Broader
Facilitates
Facilitated by
Problem
Value
SDG
Metadata
Database
Global strategies
Type
(E) Emanations of other strategies
Subject
- Commerce » Purchasing, supplying
- Industry » Industry
- Industry » Manufacturing processes
Content quality
Presentable
Language
English
Last update
May 20, 2022