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Firms told: Don't forget long-term fixes
Companies also need to invest in future, review business strategies. -ST
AMID calls this week for companies to review cost-cutting measures and consider moderate wage increases, Manpower Minister Gan Kim Yong yesterday reminded bosses not to forget long-term fixes that they also need to make. It was important for companies to invest in the future by reviewing their business strategies and how they could do things better, Mr Gan said. Workers, too, have to press on with upgrading themselves. 'These areas are important and critical for our businesses to remain competitive as we emerge from recession,' he said on the sidelines of the opening of the Asia-Pacific regional headquarters of pharmaceutical services company Quintiles.
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