Crompton Greaves: Debt-laden Loss-making Company to a Successful Global Company |
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ExcerptsBackground Note
Restructuring at Crompton GreavesCGL opted for a restructuring. The restructuring strategy involved cost-cutting and selling unrelated businesses. To come out of the losses, CGL constituted a restructuring panel to look into the operational growth and profitability prospects for some of its businesses... Focus - A Restructuring Concept Conceived by CGLCGL initiated this concept to bring the company back into profits. This concept included improving productivity, cost reduction, fiscal management, and enhancing its core competence...
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