Cost Control Remains a Concern at Employers/Consolidation Through Mergers Continues

For many years, executives have been focusing on cost control as a means to boost profits and financial stability. Employee costs are always a focus, as employers seek to boost the overall productivity of their work forces. Often, companies merge with others in order to seek operating efficiencies or gain access to needed capital. Financing is readily available for large corporate mergers and acquisitions, and the number of mergers has been high. A consolidation of companies via a merger may enable the firms to combine customer bases, administrative staff, sales offices and production facilities, while cutting employees who hold duplicated jobs, in hopes of thereby creating more efficient, more profitable firms. Mergers may be spurred by economic difficulties and falling profits, or they may involve large firms seeking to acquire companies that bring advantages that may boost growth and accelerate profits. For example, online leaders Amazon, Facebook and Google have acquired numerous firms in order to bring in new technologies.

Even in a period of vibrant economic growth, good managers continue to seek ways to control costs, including payroll costs. Because they face tough, global competition, manufacturing firms are frequently involved in such mergers. Good jobs in the U.S. manufacturing sector can be found, despite intense competition from manufacturers in China, Vietnam and other offshore markets. Overall, U.S. factories are running with fewer people per unit of output, thanks to immense investments in factory automation and robotics.

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Cost Control Remains a Concern at Employers/Consolidation Through Mergers Continues, Business and Industry Trends Analysis

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