Abstract Downsizing has been a common cost-cutting activity for organisations in the last 25 years. Literature in this area has focused mainly on the effects that redundancy may have on people leaving the organisation. However‚ some research has investigated the effect it may have on the employees who were not made redundant‚ and from this the concept of ’Survivor Syndrome ’ was created. It has been established that redundancy processes result in negative emotions being felt by survivors‚ such as
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Article Summary The article I chose was titled “BBC comes under fire after revealing 2‚000 job cuts”. Available at: http://www.independent.ie/business/european/bbc-comes-under-fire-after-revealing-2000-job-cuts-2898224.html. The article discusses downsizing and strike action. The BBC came under attack by trade unions stating that the proposed 2000 job cuts will lead to further damage to the company in the long run as the quality as well as the image of the company will be lowered. The article argues
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job losses (whether we label them as downsizing‚ layoffs‚ or restructuring) reaches us daily. And sometimes the reality hits close to home – loss of a job of a family member‚ a close friend‚ a valued coworker or someone you supervise. According to McKinley‚ Sanchez and Schick (1995)‚ “This process of deliberate personnel reduction has been justified as a cost-cutting measure and as an incentive to increase productivity. However‚ evidence has shown that downsizing negatively affects employee morale
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engineers. According to the two articles given‚ the Australian and International Pilots Association (APIA) and the Australian Licensed Aircraft Engineers Association (ALAEA) are pressuring Qantas’ Chief Executive Officer (CEO) Alan Joyce to abolish his downsizing policy. The unions and also the general public wants to keep jobs in Australia instead of having it outsourced to other countries which according to the CEO‚ will significantly reduce QI’s labour costs and increase their profitability. 2.0
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Considerations When Downsizing The euphemism‚ downsizing describes the involuntary termination of a number of employees based on an employer’s decision to reduce staff or to cease operations all together (Walsh‚ 2013). Employers are often faced with tough decisions to reduce staff in response to many different factors. There are important legal issues that need to be considered as they will impact business owners if not addressed. Proper planning for a reduction in force can save an organization
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Using at least two (2) of the foundational ethical theories studied in Module 2‚ you should answer the following questions. With each answer‚ you should discuss the issues and set forth and defend a clear position on whether or not any constraint ought to be placed on the freedom of a business to: Export capital for production The exporting of capital for production would not be supported by a utilitarian and would be found to be unethical. A utilitarian would argue that by allowing our capital
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the case‚ Carter should requested an adjustment to the anchoring bias of 15% downsizing target and examined the list of criteria that Stevens’ laid out in the light of sustained growth. Healthy growth requires people who are competent in their current job as well as people with potential. Consequently the group should have avoided using criteria such as lack of future potential in competent people or seniority for downsizing. Stevens’ suggestion for reviewing people’s potential and seniority‚ put in
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workers who often are the sole bread winner in their family. Another word for retrenchment is called downsizing. The most simple explanation or definition of downsizing is when a business or organization finds that it has become necessary to reduce the amount of money that it is spending in order to avoid becoming insolvent. More About Retrenchment Or Downsizing The act of retrenchment or downsizing is actually a very complex issue. There are two main ways that a business or organization can downsize
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Bibliography: Appelbaum‚Steven Eric Patton andBarbara Shapiro (2003) The early retirement incentive program: a downsizing Strategy Journal of European Industrial Training Applebaum Herbert (1998) American work ethic and the changing work force Published by Greenwood Publishing Group Hyde Albert‚ Sharfritz Jay Defining Public Administration y M. Shafritz Published
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Introduction When the great recession emerged in late 2007‚ many companies had fallen into a financial demise. According to a U.S. Census Bureau study taken in 2011‚ over 200‚000 small businesses closed during the 2008-2010 period. In addition‚ over 3 million jobs were gone (Shapiro). The highest recorded rate of unemployment was 9.7 percent nationwide. There are currently over 11.7 million unemployed people in the U.S. There were several industries that were seriously affected by the recession
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