The episode underscored how hard it remains for Japanese companies to use cost-cutting as the logic for merging.

这件事情显示了对日本公司而言把成本削减作为一种并购逻辑有多困难。

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The major methods used to reconstitute the company are acquisition of companies and merging。

公司重组的方式有公司收购和公司兼并。

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1：In the old days the bell Telephone Company became the biggest in the world by buying up a lot of local phone companies, lock, stock and barrel and merging them into one giant corporation.

他说：Bell电话公司当初收购了许多地方电话公司，把这些小公司统统合并成一家庞大的企业，Bell公司这才跃居世界首位。 Bell公司一古脑儿地网罗了那些小公司，以成为规模巨大的企业，所以这里的 lock, stock and barrel 显然解释“统统地、一古脑儿地。”

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First came the boom in mergers (which inevitably throw one of the merging companies' bosses out of the top chair).

ECONOMIST: Corporate culture

Later, talks began with Linde, Messer Griesheim's biggest German competitor, about merging the two companies.

ECONOMIST: Face value

Thyssen's boss, Dieter Vogel, claimed that merging the two companies would cost 30, 000 jobs.

ECONOMIST: Auf Wiedersehen, shareholders | The