RESPONSIBLE BUSINESS STRATEGIES
jects taking longer is induced recovery in what an “ equally extraordinary ” orld ’ s central banks ’
product ( GDP ). When a project of this magnitude receives what can be anything up to a 75percent budget cut , mining companies must adopt a long-term approach .
Sir Mark Moody-Stewart , current CEO of Vedanta Resources emphasises this need for a longterm approach , also warning of the dangers of recruiting employees , investing money in training and then being forced to let them go in more difficult financial situations .
Multi-skilled employees When companies make employees redundant in this difficult financial climate , they lose out on workers with valuable skill sets . Moody- Stewart believes that one way to look at this situation is to “ seize it as an opportunity ”.
“ Try to make sure that the sustainability and social aspects of the work are spread into everybody ’ s job ,” He says .
“ When people are made redundant
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