The IMF pointed to reforming pensions, health care, and state-owned enterprises, improving tax compliance and budget practices, dealing with potential problem banks, improving labor flexibility, and streamlining business regulation.

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Over the past few years, more companies have viewed outside help as a means to keep costs down, enhance labor force flexibility and increasingly to introduce innovations.

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The restructuring process, which began in 2009, is expected to reduce manufacturing costs, increase efficiency, facilitate far more flexibility in labor requirements, and will also help reduce product development time by 30% that will enable the company to launch new models faster.

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