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Proposed Cost Reduction Strategy
- 1. Proposed Cost Reduction Presented by the CEO to the Board of Directors for approval • Based on a one-year analysis and study completed last month, the Transformation Team (Consulting Company 4)has recommended the followings: • Reduction of branches across the globe! • Reduction in printing for cost as well as being ‘Green’! • Outsourcing IT infrastructure and all processes to a 3rd party company in country 2! • Elimination of Perks! • Reduction in Full Time Staff! • Elimination of Employee Benefits including Pension! • Please see the next Slide for the proposed Org Chart 1
- 2. Proposed Cost Reduction Org Chart 2 Consulting Company 1, 2, 3 (75 People) Independent Contractors (15 People) Outsource Company 1, 2, 3 (150 People) Human Resources (Manager, Lead, 7 Staff) Full Time Staff (3 people) CEO and President Executive Assistant (Indepdent COntractor)