Companies 'could be repeating mistakes of the last recession.'

Phillips, Lucy
April 2009
People Management;4/9/2009, Vol. 15 Issue 8, p7
The article focuses on a report by the Boston Consulting Group (BCG) and the European Association for People Management (EAPM) which states that European companies are putting their long-term future at risk by repeating short-term cost-cutting measures in the last recession that were subsequently regretted. According to the report, employers which cut experienced staff and new trainees risked creating skill shortages in five to 10 years.


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