Hyundai Motor aims to cut costs

Hyundai Motors has announced that it is going to reduce costs by cutting down on business class flights and annual family visit trips for its employees. The car manufacturer has announced that it will also be cutting down on printing costs as well as encourage its employees to utilise video conferencing as a cheaper alternative to travelling. The carmaker will be resorting to these measures owing to a decline in profits for the fourth consecutive year.

According to a Reuters report, executives of Hyundai Motor Group have taken a 10 per cent...

Updated Date: Dec 27, 2016 13:23:15 IST