The credit crunch is affecting those credit managers responsible for keeping the cash flowing, according to new research. The survey, by the Institute of Credit Managements Recruitment team, found that more than 15% of members questioned had recently been made redundant, and exactly half feared for their jobs. The ICM found that company restructure was the principal reason given for redundancy (45%), followed by loss of business (24%). Offshoring and outsourcing (combined) were the reasons cited in 18% of cases.
Credit professionals facing redundancy as crunch bites Anonymous Credit Management; Aug 2009; Docstoc pg. 7 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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