A new study by strategy consultants Roland Berger has revealed that 81% of Western European firms plan major operational and structural change in response to the economic turmoil. Business leaders are downbeat about the business outlook, with 60% predicting further deterioration of the economy and 59% predicting that their company will face challenges in accessing or extending loans. The three prevailing pressures on European companies are: economic instability, intensifying competition and increasing globalization. Redundancies form part of 71% of companies' restructuring programs, with reducing overheads and boosting sales also high on the business agenda.
81% of firms to restructure operations Anonymous Credit Management; Nov 2008; Docstoc pg. 11 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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