Hard times require new thinking
13 September 2012
As the global economy slows, firms are breaking traditional moulds for savings. But there are pitfalls for purchasers if they don’t have clear long-term strategies, warns David Arminas
Employee lay-offs among major manufacturers in the UK, and Europe in general, are numbered in the hundreds and sometimes the thousands as firms prepare for tougher economic times ahead.
The list of major firms cutting back is growing every week. Witness mobile telephone maker Ericsson closing its manufacturing sites in the UK and Sweden with over 3,700 job...