HIGH FIVE

"Retrenching the workforce should be the last resort due to high humanitarian cost"

Gajanan Gandhe, country head, Dana India on five ways to manage costs during a downturn

|
Published a year ago on Jun 18, 2020 1 minute Read

Checklist every option: Review every possible opportunity for cash preservation by examining all fixed and variable costs. This includes negotiation of fixed rate contracts (with landlords and consultants). Negotiate with your existing bankers to bring down financing costs.

 

unsub

You don’t want to be left behind. Do you?

Our work is exclusively for discerning readers. To read our edgy stories and access our archives, you’ve to subscribe