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Legacy Cost

   Also found in: Wikipedia 0.01 sec.
Legacy Cost
Ongoing costs to a company that come from funding activities that, by definition, do not increase revenue. Perhaps the most prominent example of legacy costs is the funding of pension plans. Legacy costs often accrue when a company takes on too many responsibilities in times of strong performance or when it takes on an appropriate level of responsibility and then its priorities change. Critics of legacy costs contend that they make industry uncompetitive, while proponents, notably labor unions, argue they are part of an employer's moral obligation to its employees.
legacy cost
The financial expense of supporting retiree benefits, including pensions, heath care, and insurance. Legacy cost is especially burdensome for mature companies with declining markets and a shrinking labor force.
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Maehara said the task force found that "it is surely possible for the carrier to restructure itself through downsizing aircraft and its organisation, streamlining flights and reduction of its legacy costs.
Ailing JAL to seek help from state agency by AFP / AFP Asian Edition
Maehara said the task force found that "it is surely possible for the carrier to restructure itself through downsizing aircraft and its organisation, streamlining flights and reduction of its legacy costs.
Ailing JAL to seek help from state agency by AFP / AFP Global Edition
Administrative costs in education look to be out of control as well, and there are those darn legacy costs.
PUBLIC FORUM by Daily News (Los Angeles, CA)
 
 
 
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