While voracious consumer spending has helped maintain overall economic strength, companies are still hampered by stiff pricing competition from abroad, ... The inability to raise prices has cut into corporate profits, which, in turn, has most certainly contributed to increased job cutting. -John Challenger

 

While voracious consumer spending has helped maintain overall economic strength, companies are still hampered by stiff pricing competition from abroad, ... The inability to raise prices has cut into corporate profits, which, in turn, has most certainly contributed to increased job cutting.


Comments

There are not yet any comments on this quote. Why not register / login and be the first?




This quote is just one of 9 total John Challenger quotes in our collection. John Challenger is known for saying 'While voracious consumer spending has helped maintain overall economic strength, companies are still hampered by stiff pricing competition from abroad, ... The inability to raise prices has cut into corporate profits, which, in turn, has most certainly contributed to increased job cutting.' as well as some of the following quotes.

A growing number of people may see companies in the private sector as putting profits before people and before ethics.

John Challenger

The fallout from these mergers is often measured in jobs as the combined entity cuts overlapping positions and sheds workers in an effort to maintain profit margins.

John Challenger

There are lots of job losses, yet at the same time there is really extraordinary job creation.

John Challenger

For months, it appeared that the U.S. might remain relatively untouched by the financial crises abroad. However it most certainly seems that the impact is starting to ripple through our economy.

John Challenger

The Asian situation has been a real driver and should continue into 1999, as companies scale back their growth plans.

John Challenger