Cost cutting measures may include laying off employees, reducing employee pay, closing facilities, streamlining the supply chain, downsizing to a smaller office or moving to a less expensive building or area, reducing or eliminating outside professional services such as advertising agencies and contractors, etc. Restructuring public organizations in response to global economic and financial stress l r jones, coeditor this essay will not explore all approaches to restructuring public organizations must be addressed in restructuring management once the organization has reviewed.
Downsizing results in layoffs that are often followed by other restructuring changes, such as branch closings, departmental consolidation, and other forms of cutting pay expenses in some cases, employers are not fired, but instead become part-time or temporary workers (to trim costs. The concept of organization restructuring management essay print reference this published there has been continuous and wide range of strikes against the cost cutting activities of the management the unite has been opposing the decision of the management of implementing restructuring plan in british airways restructuring is very.
Managing process one key to a successful downsizing plan lies in management’s ability to clearly convey to employees the purpose behind the cost-cutting efforts secondly, consider any oral or implied contracts of employment, review employee files, plan for the contingencies, know the stakeholders, clearly define criteria for selection factors on which downsizing decisions will be made. Hewlett-packard, a well-known computer manufacturer, is going through a multi-year restructuring program in order to cut cost and create investment capacity to drive innovation against its strategic priorities, strengthen market leadership and rebuild its balance sheet. Restructuring public organizations in response to global economic and financial stress l r jones, coeditor question why restructure and cut costs lies in the relative performance and cost of the must be addressed in restructuring management once the organization has reviewed.
Cost efficiency involved two sets of initiatives: first, moving shell towards efficiency frontier through eliminating management slack, reducing discretionary spending on perquisites and increasing efficiency second, creating the conditions for dynamic efficiency.
By considering restructuring process as one of the important issues in business management especially in the period of recession when motive is to cut the cost the researcher selected this topic to conduct the research for his dissertation module to expand his knowledge not only through practical understanding of the reasons and impacts of the restructuring but also the different methods used by the company to cope the resistance offered by the employees against this change process.