Grim healthcare climate forces cuts on German companies
This article was originally published in Clinica
In 1996, many German companies suffered poor sales and falling profits. Consequently, businesses are considering ways to cut costs and are searching for new markets. Restructuring and cuts in workforces are becoming the norm, and companies are moving production to countries with cheaper labour costs, such as eastern and central Europe and the Asia-Pacific region. The immediate future for German companies is not promising.