Value creation/ cost cutting

In times of economic downturn, companies need to act quickly and intelligently to manage the associated challenges. In this context, it is crucial to reduce costs in the short-term without compromising the growth of the company.
Cost reductions alone will only improve your bottom line to a limited extent. To establish a cost-optimised structure in your company, consistent cost control measures are necessary. As soon as funds are freed up by the implemented cost reduction measures, your company should invest in its flexibility and future growth in the medium- and long-term.