The management decided to economise by cutting the dead wood from the workforce,thus reducing the wages bill.

资方决定节省开支,裁减劳动力中的,这样可以减少工资支出。

The company is caught in a double bind.If it doesn’t modernise it won’t make money, but if it does modernise they’ll have to make people redundant because they won’t need them any more.

这家退两难。不实行现代化就无法盈利,要实行现代化就会有,为将不再需要他们。