The Most Revolutionary Concept In Education PLANMAN CHE CENTRE FOR HIGHER EDUCATION, Supported by IIPM India’s Leading B-School
It seems that LG has already started experiencing recession blues, as the company has announced plans to cut $2.2 billion in costs this year. This drastic step has been taken in tandem with the company's expectations of registering a 20% decline in sales in the current financial year. Marred by the downturn in the American appliance market, which has declined by about 30% in the recent times, LG plans to slash its costs by reducing its expenses and purchasing costs considerably and simultaneously focusing on its new businesses divisions like solar power. But just these two measures would not be enough for the company to ride the slowdown wave. LG may also look at reducing its head count which stands at 82,000 employees worldwide. However, this may not be a cakewalk in its own country, since the work culture in South Korean corporations restricts job cuts and prefers to reduce workforce through attrition and voluntary retirement. On account of all this, it seems that reducing costs by $2.19 billion shall surely be a difficult job for the company.
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
PLANMAN CHE (Centre for Higher Education)
ZEE BUSINESS BEST B SCHOOL SURVEY
IIPM Ranked No. 1 B-School In Global Exposre - Zee...
For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...
It seems that LG has already started experiencing recession blues, as the company has announced plans to cut $2.2 billion in costs this year. This drastic step has been taken in tandem with the company's expectations of registering a 20% decline in sales in the current financial year. Marred by the downturn in the American appliance market, which has declined by about 30% in the recent times, LG plans to slash its costs by reducing its expenses and purchasing costs considerably and simultaneously focusing on its new businesses divisions like solar power. But just these two measures would not be enough for the company to ride the slowdown wave. LG may also look at reducing its head count which stands at 82,000 employees worldwide. However, this may not be a cakewalk in its own country, since the work culture in South Korean corporations restricts job cuts and prefers to reduce workforce through attrition and voluntary retirement. On account of all this, it seems that reducing costs by $2.19 billion shall surely be a difficult job for the company.For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
PLANMAN CHE (Centre for Higher Education)
ZEE BUSINESS BEST B SCHOOL SURVEY
IIPM Ranked No. 1 B-School In Global Exposre - Zee...
For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...
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