The Pentagon, he said, "must understand the challenges and uncertainties, plan for the risks, and, yes, recognize the opportunities inherent in budget constraints and more efficient and effective restructuring".
Other proposals include: Reduce the cost of services by providing more efficient services and staff restructuring, saving £6.48m.
That means, McKinsey says, that useful reductions in public sector indebtedness may require sales of assets (privatisations), higher or one-off wealth taxes, a more permissive approach to inflation (since debt becomes more affordable when nominal incomes rise) and "more efficient programmes of debt restructuring".
The priorities are, with the change in consumer demand, especially from the bigger vehicles to the smaller, more efficient vehicles, we need to absolutely restructure ourselves decisively and get the capacity down to the lower demand, and to operate profitably at that level.
It's no major surprise: Most leading carmakers are being forced to restructure their businesses to become more efficient in order to combat the dual prongs of high production costs and puny sales.
Though few engineers lost their jobs -- the industry has yet to go through the deep restructuring it needs to be more efficient and competitive -- the work has dwindled.
That restructuring included making the factories more efficient, consolidating design sites and investing more in R&D.
The Downers Grove, Ill., company is light on assets, and recent restructuring has made it a more efficient operator.
CA, the business software company, said on Tuesday that it was cutting 1,000 jobs and closing an unspecified number of plants as part of a restructuring plan to reduce costs and become more efficient.
