Responsible Restructuring

Tales of massive lay-offs spreading throughout the USA in the early years of the 21st century, have caused the concept of restructuring to become one of the hottest topics in business. Using real-life stories from such well-known firms as Charles Schwab, Compaq Computer, Cisco, Accenture, Motorola, [...]
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Tales of massive lay-offs spreading throughout the USA in the early years of the 21st century, have caused the concept of restructuring to become one of the hottest topics in business. Using real-life stories from such well-known firms as Charles Schwab, Compaq Computer, Cisco, Accenture, Motorola, and Intel, Cascio presents viable alternative approaches to restructuring. He describes the specific practices these leading firms use to demonstrate their commitment to their people as assets to be developed rather than as costs to be cut. Even when cuts are necessary, firms such as these use practices that promote good will and loyalty both among those who leave, and those who stay. Based on extensive research conducted over an 18-year period (1982-2000), this text presents hard data on the economic and organizational effects of employment downsizing, and lays out strategies for responsible restructuring that work.