Targeted Cuts for Efficiency and Growth
The global economy has been severely hit by the financial crisis which commenced in the second half of 2008. Some companies have closed manufacturing plants while others have undergone corporate restructuring. Kenneth Morrison, Managing Director of Mazars in Hong Kong, and Annie Chan, Managing Director of Mazars Corporate Recovery and Forensic Services, were recently interviewed by CFOinnovationAsia sharing ways for entities to meet the challenges arising in this unfavourable market situation.
Apart from the traditional headcount or salary reductions that are often adopted by companies seeking to reduce operating costs, Ken and Annie share alternative ways to cut costs for growth and efficiency. For full details, please click here.
(30 September 09)