When crisis looms – Exploring cost cutting and restructuring in 'less urgent situations'

In part two of this three-part series on cost cutting and business restructuring in various situations, we explore cost cutting and restructuring in less urgent situations.

Maybe you recently lost a major contract, higher lending costs are coming, or you are starting to see signs of a recession. There are many reasons why you may need to start planning to restructure or cut costs in your business, but taking decisive, well-informed action is key if you find yourself in this situation. It is important to have a clear vision for your business before undertaking restructuring and cost cutting, so your people can get behind a consistent goal. The process will not...

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Authors: Peter Gothard

Published Date: 08 March 2024