competitive‚ companies made strategic decision to gradually lower their payroll numbers. (Anthony‚ Kacmar & Perrewe al‚ 2002:434) Downsizing has become a critical issue around the world. 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
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Kajian Malaysia‚ Jld. XXV‚ No 2‚ Disember 2007 THE CHALLENGES OF RAISING REVENUES AND RESTRUCTURING SUBSIDIES IN MALAYSIA Suresh Narayanan School of Social Sciences Universiti Sains Malaysia Penang nsuresh@usm.my Malaysia has run deficit budgets in all but five years since 1970 but past deficits have been managed thanks to substantial oil revenues and high domestic savings. However‚ the slow growth or decline of several traditional sources of revenue and the rising subsidy bill since 2007 have
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Corporate Restructuring is the corporate management term for the act of reorganizing the legal‚ ownership‚ operational‚ or other structures of a company for the purpose of making it more profitable‚ or better organized for its present needs. Alternate reasons for restructuring include a change of ownership or ownership structure‚ demerger‚ or a response to a crisis such as positioning the company to be more competitive‚ survive a currently adverse economic climate‚ or poise the corporation to move
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Restructuring Debt Part A Company A is in financial trouble. The company is reorganizing its processes and is looking to restructure its debt. Debt restructure is a mutual agreement between a financially troubled company and this company’s creditor‚ the bank. This process will reorganize the liabilities to prevent foreclosure or even asset liquidation (Business Dictionary‚ 2012). The liabilities under consideration for Company A are its capital lease obligations‚ notes outstanding liability
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Strategies – Downsizing Numerous amount of people once thought that downsizing is an indicator of organizational decline‚ instead it is now accepted as a legitimate restructuring strategy. Downsizing is known as reducing the number of employees in the company‚ sometimes it could be the number of operating business units (Ireland‚ Hoskisson and Hitt‚ 2009). As mentioned earlier‚ Hewlett Packard incorporates downsizing strategy for its corporate restructuring. HP Chief Executive Meg Whitman also mentioned
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A report on the growing market of mergers‚ acquisitions‚ and restructurings in the corporate world. Roll No – A3906407G43 Enrolment No – A3906407403 Sudhanshu Gupta | Final Report Guided By – Mrs. Kavitha Menon July 21‚ 2008 | CORPORATE RESTRUCTURING | ACKNOWLEDGEMENT I wish to acknowledge my deep gratitude to Mrs. Kavitha Menon for her valuable guidance‚ wise suggestions‚ mellow criticism & above all unflinching moral support throughout the work. I wish to thank all the library
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CORPORATE RESTRUCTURING “Re-engineering is new‚ and it has to be done.” Peter F. Drucker INTRODUCTION The increasing competition‚ rapid advances in technology‚ more demanding shareholders‚ more challenging work forces and rising complexity of the business conditions have increased the burden on managers to deliver superior performance and value for their shareholders. In this modern “winners take all” economy‚ companies have to take a timely responsive action to save their organisations
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INTRODUCTION The headquarters ofVodafone Romania in Bucharest in above figure. The evolution of ’Vodafone’ started in 1982 with the establishment of the ’Racal Strategic Radio Ltd’ subsidiary of Racal Electronics plc – UK’s largest maker of military radio technology‚ which formed a joint venture with Millicom called ’Racal’‚ which evolved into the present day Vodafone Vodafone Group plc is a British multinational telecommunications company headquartered in London and with its registered
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maintaining high production. Downsizing History and Trends "By 1980‚ over 90 percent of the nation ’s work-force was counted as employees; a complete reversal from the early 1900 ’s when over 80 percent were self-employed.” (Atwood‚ Coke‚ Cooper & Loria‚ 1996) During the 80’s‚ with the introduction of newer technological changes this provided organizations with opportunities to substitute capital for labor or to restructure jobs in new ways. This was the start of downsizing practises in America.
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INTRUDUCTION Downsizing is a permanent reduction of workforce through layoffs and other means. Organizations usually downsize to save payroll costs and prevent bankruptcy during tight economic conditions. Downsizing‚ when done right‚ makes the organization more efficient‚ lean‚ and mean .On the other side‚ a faulty approach to downsizing can cause the organization to run the risk of losing key talent and intellectual capital‚ and becoming dysfunctional by breakdown of hierarchies and systems. The
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