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Exact(49)
When managers believe that labor costs and labor rates are the same thing, they also tend to believe that they can cut labor costs by cutting labor rates.
It allowed a farmer to combine cutting and threshing grain into a single mechanical operation, enabling farmers to cut more wheat in one pass, increasing productivity and cutting labor hours nearly in half.
These employers are still cutting labor costs, but hanging onto the labor.
Among most companies engaged in cutting labor costs, outright layoffs are still common.
MORE than in Mr. Clinton's day, employers are fixated on cutting labor costs.
The company had been busy raising profits by cutting labor costs.
Similar(11)
The convicts are managed by CalFire crew leaders and generally do much of the arduous labor involved in cutting fire lines by hand.
The second session entitled "Issues Facing the Hospitality Industry" will cover labor costs, litigation, and union management, and will bring together owners and operators to discuss the cutting edge labor issues that affect hotel operators who manage the workforce and owners who pay the costs including that of litigation.
But Mr. Capelli has spotted companies cutting fixed labor costs in other, unexpected places.
Those who believe bankruptcy is unavoidable argue that United will not return to profitability simply by cutting its labor costs.
That is expected to require United to begin cutting its labor costs "virtually immediately," according to a motion the company submitted to the bankruptcy court.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com