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

For many years, executives have been focusing on cost control as a means to boost profits and financial stability.  The Coronavirus will accelerate this need at most types of companies. 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,…

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