81. Chinese companies are shifting to making computer chips and other higher-profit products, adding to competition in technology industries. 82. Companies have been shifting production abroad to avoid high costs at home. 83. Further, the company has shifted much of its sales to the manufacturing sector to offset reduction in orders from the construction sector. 84. Instead, with government encouragement, companies are shifting attention to Southeast Asia, where wages are lower and import restrictions are less of a threat. 85. It is also intended to also wants to make it easier for companies to shift stock holdings and sell off parts of their operations. 86. Many Japanese companies have been shifting production overseas to cope with the surging yen, which increases manufacturing costs in Japan. 87. So, he said his third-largest auto company is shifting to foreign countries with low-cost labor. 88. The company has also shifted its headquarters from Mumbai to Hyderabad. 89. The company has shifted from its core business of manufacturing snack food and confectionery to shipbuilding, repairs and marine engineering. 90. The deal will allow the company to shift some of its cost base to Europe. |