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Firms That Cut Costs Most More Likely to Fail, Independent Says

Dec. 11 (Bloomberg) -- Firms that carried out the most severe cost cuts to weather the financial crisis are the most likely to fail, the Independent on Sunday reported, citing a survey by PA Consulting Group.

A survey of 200 business leaders and data from 2007 to 2010 found that the firms that reduced costs, particularly for staff, had a 10 percent lower total shareholder return than those that did not, according to the London-based consulting firm, the Independent reported.

To contact the reporter on this story: Gavin Finch in London at gfinch@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net

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