Mr Sharif is anxious to revamp the economy through cutting the public sector.

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Portugal's prime minister vowed to push ahead with a plan to revamp the economy despite calls from the opposition to renegotiate terms of its bailout.

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With the sluggishness in economy considered to be a long term effect, the apparel retailers cannot trust on revamp of economy on which they were relying initially.

FORBES: Gap Gets To $27 By Getting Its Act Together

Let's revamp these systems so that we invest our scarce public workforce resources in the skills our economy needs.

CNN: Commentary: Jobs going begging in some fields

In the private sector, we live in a more competitive global economy -- so unions like the UAW understand that workers have to work with management to revamp business models, to innovate so we can sell our products around the world.

WHITEHOUSE: Remarks by the President at Detroit Labor Day Event