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15 April 2009 · Article

Are skills and knowledge on hold?

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In October 2008, an open letter signed by business and trades union leaders as published in British newspapers. The letter, entitled “Now is the time to invest in skills”, encouraged individuals and companies to resist the temptation, triggered by the challenging economic environment, to cut training. It noted that cutting training seems like an easy option in difficult times, but that the consequences may increase the degree of difficulty being faced as companies that don’t invest in training are two and a half times more likely to fail than those companies that do.
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\r\nMark David, CommitMentor, with collaboration from Rene Franz Henschel and Robert B. Handfield

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