Cost-cutting Exercise:

NISOL1NISOL (Corrugated Packaging Industry) located in Wattala was successfully restructured by IRC to generate  an Incremental Profit with the available resources of NISOL through an intensive strategic  process of cutting down overheads, eliminating waste, improving procurement efficiency on raw materials, improving material management efficiency and also improving productivity. 

No  reduction or retrenchment in the work-force was recommended during this exercise.  IRC also recommended that unless some strategic measures such as capital infusion, productivity motivation programmes, etc., were implemented with immediate effect, it would be inevitable to prevent NISOL from falling sick.and ultimately becoming defunct. –(30.08.2005).

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