He knew that to recapture Switzerland's dominant position he'd have to retain its manufacturing know-how, and that meant not losing skilled workers through layoffs, which would risk demoralizing the whole operation.

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Rajan Bharti Mittal, chief of this operation, says his two biggest headaches are shortages of skilled workers and affordable land.

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In the event that insourcing is necessary, these skilled resources are critical to establishing job requirements for internal recruiting and setting up the internal operation.

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This sort of operation is new in Manila, but Mr Romualdez expects that he can find the skilled workers to double his workforce over five years.

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This defensively-aligned REIT has maintained a remarkable track record of risk control and that skilled and sophisticated risk-management strategy has made Realty Income the mark of a superior dividend operation (Realty Income current dividend is 5.4%).

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