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This restructuring of the central function will not see job losses, staff will be re-assigned to the three units, but the aim is to create a "lean corporate unit [that] will provide strategic support to the businesses, offering expertise in reward and talent development, strategic marketing, legal, group communications and M&A [mergers and acquisitions]".
In it, Mr Tata wants to create a lean corporate office of directors with enough clout to enforce discipline on the operating units.Driving forwardNothing illustrates the self-confidence of Tata better than the Jamshedpur steel complex, which produces hot-rolled coils of steel at a world-class cost of $160 a tonne, second only to South Korea's huge Posco complex which manages $154 a tonne.
Bond guru behind world's largest mutual fund predicting U.S. economy will experience prolonged period of lackluster growth, lean corporate profits.
Today, Ruby Ribbon operates with a lean corporate team of about 32 employees and more than 2,500 stylists in the field.
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Company officials said they wanted a "leaner corporate center" that would allow them to look for new business opportunities.
And we've established a six-person corporate office, served by a much leaner corporate staff, to make sure all these units fit together in a strategically coherent way.
In its new home, the company says that it will operate a leaner corporate center with about 500 employees, down from about 1,000 in Seattle, with the displaced workers largely being absorbed into other divisions.
Though Boeing said it wanted to conduct a quick and low-key search for a new home, the company's announcement in March that it wanted to have a "leaner corporate center," touched off a media blitz and a frenzied triangular courtship.
Aides to Mr. Klein said that he had shifted the school system's work culture from that of a bloated and slothful government bureaucracy to a leaner corporate environment, in which a combination of experienced managers and smart young staffers were willing to work as long as necessary to carry out an ambitious turnaround campaign.
And in another sign of lean times, corporate boats for pleasure cruises around Hong Kong's myriad beaches and outlying islands are getting auctioned off, with UBS among the financial institutions planning to part with a vessel reserved for employees and clients.
After all, groups which has long argued their cost-effectiveness on the basis of their being lean, mean, corporate, private sector fighting machines would not want to waste their frequently taxpayer funded dollars on duplicative public relations spending.
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