1. Global strategies
  2. Undertaking cost-cutting

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

Subsidizing
Yet to rate

Facilitated by

Problem

Unemployment
Excellent

Value

Undercutting
Yet to rate
Costliness
Yet to rate

SDG

Sustainable Development Goal #8: Decent Work and Economic GrowthSustainable Development Goal #10: Reduced InequalitySustainable Development Goal #12: Responsible Consumption and Production

Metadata

Database
Global strategies
Type
(E) Emanations of other strategies
Subject
Content quality
Presentable
 Presentable
Language
English
Last update
May 20, 2022