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As the dealers struggle to undo their terminations, a government audit released in July questioned whether such a broad, rapid cutback was even necessary.
The slowdown that started in last year's third quarter came mainly as a result of a rapid cutback in business investment in machinery, computers, software, buildings and the other tools used to produce goods and services.
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The rapid cutbacks do offer one potential bright spot, however, since many companies have already reduced their costs and excess stockpiles significantly, clearing the way for an eventual upturn.
Poor planning can prove costly "The real danger is that the need for rapid change and financial cutbacks may lead to a poorly planned process that is rushed and under-resourced," says Mellor.
Those cutbacks reflect a rapid decline in business confidence.
A rapid decline in advertising has prompted some newspaper closings and industrywide cutbacks in the size, and in some cases the frequency, of newspapers.
Joining its crosstown rivals in responding to a rapid deterioration in the auto market, the Ford Motor Company announced sharp production cutbacks today -- including the closing of 13 of its 18 North American factories during the third week of January -- and lowered its forecast of fourth-quarter earnings for the second time in three weeks.
The reasons attributed to this shift in disease pattern include: increased life expectancy, rapid population growth, unplanned urbanization, low literacy and increased external debt with resultant cutbacks on national healthcare expenditure [ 48].
In the current climate of austerity, amidst cutbacks to social protection measures and affordable housing programs and the rapid ascendancy of precarious forms of employment, the need to examine how the health effects of globalization manifest on the margins of society becomes all the more pertinent.
Strengths: Balance, cutback ability, quickness.
Too rapid.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com