; Mid-sized firms quick to the cut
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Mid-sized firms quick to the cut

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Almost 60% of medium-sized businesses have seen their turnover and net profits fall over the past quarter, according to an online survey of more than 600 CIMA members and students in the UK and Ireland. But these companies have been quick to cut costs by reducing their overheads (59%); negotiating lower prices with suppliers (18%); managing spending on training: and, in some cases, reducing staff numbers. Some good news was that firms were finding it easier to retain qualified staff.

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