A May 2009 survey by Challenger, Gray & Christmas examined measures taken to shed or contain costs during the recession. The study listed 17 cost-cutting measures and 86% of respondents said their companies had implemented at least one of these cost-saving measures, one respondent had enacted 13, the average respondent had used five, and a very small percentage of companies relied on just one measure. Other results: 1. 43% used permanent layoffs in May to cut costs, down from 56% January 2009. 2...

BPIR Categories

11.1.4 Manage cash flow
11.1.5 Manage financial risk

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