Firms to make cuts in areas no longer in demand

April, 17 2014

An increasing number of top UK firms look set to cut unprofitable services in the coming year.

An increasing number of top UK firms look set to cut unprofitable services in the coming year. kentoh

Forty-two per cent of finance directors have said that their firms are likely to see cuts in areas no longer in demand over the next year - a twenty-five per cent increase on two years ago. Instead, they will expand into new growth area such as energy and construction work. The survey, by Thomspon Reuters, also saw an increase in firms planning to expand overseas, thirty-three per cent in comparison to thirteen per cent two years ago.

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Firms to make cuts in areas no longer in demand

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