Downsizing strategies and its effects

Essay specific features

 

Issue:

Business

 

Written by:

Louise F

 

Date added:

February 24, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

18 / 4769

 

Was viewed:

7562 times

 

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Essay content:

Downsizing and mass lay-offs are happening not only on US companies but also organizations in the entire industrial world. The number of organizations and jobs affected by downsizing has been staggering. In 1993, in an unending quest for lower costs, higher productivity, and fatter profits, American firms announced 615,000 jobs cut, and all-time record...
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Many of these actions reached into the ranks of white-collar and middle management positions. Earlier, layoffs were generally limited to low-level, unskilled, or blue-collar labour. (Hitt et. al., 1994) (Internet Material #1) Making staff redundant is still a process many companies are forced to go through even in times of economic stability and modest growth...
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