Deloitte: 71% of Polish managers plan to cut costs

In the next 24 months, as many as 71 percent of Polish managers plan to reduce operating costs, according to the report compiled by consultancy Deloitte, while 57 percent plan to intensify ongoing cost optimization programs. “Despite 86 percent of Polish entrepreneurs expecting their revenue to increase in the next two years, 71 percent of them are worried that the economic uncertainty can affect their profits. Overall, throughout Europe, 57 percent of the companies think that they’re not efficient enough in cost cutting measures,” the report said. Other risk factors, include ever changing tax and law regulations, which 57 percent of Polish respondents listed as a concern. The EU average was at 16 percent. As many as 43 percent of Polish managers also listed digitization as a concern. Among priorities, Polish entrepreneurs listed, increasing profitability (57 percent), cost reduction (43 percent), and increasing sales revenues (29 percent).