With numbers companies reduce costs

European companies, pending the recovery of the economy, taking innovative measures to reduce labor costs without permanently losing their best employees, and even invest in training and bonus schemes to enhance their loyalty, Reuters reported, quoted by BTA.

Companies try various schemes to work part-time and fund long-term leave periods to encourage employees to work for a short period without charge. Some companies continue to reduce thousands of jobs, trying to minimize disputes with employees and to retain staff.
Telecommunications company British Telecom „(British Telecom), which is one of the largest employers in the private sector in the UK employing around 106 000 people, offers its employees 25 percent of their salary if they agree to leave for work 1 years and lump sum of 1000 pc. liras (d. 1619) as an incentive to switch to part-time.
The company, which plans to March 2010 to reduce permanent and temporary staff by 15 000 people want to keep key employees and to avoid sumatohata about hiring new personnel when the economy recovers.
Similar schemes applied in the accountants of the wharf P G Em „(KPMG) and the Spanish bank has been TE A“ (BBVA), won the approval of staff and some such measures have contributed to reducing unemployment.

––––––––––––––––– ––––––––––

Finance