Responsibility in a recession: Checklist for restructuring and downsizing
Businesses are currently operating in extremely difficult circumstances facing intense pressure on cash flow as demand for many goods and services dries up, while banks are unable to provide short term funding relief. Redundancy and restructuring, including the closure of operations, are becoming a necessity as some organisations are forced to reduce overheads in order to survive.
- Date published
- January 2009
- Price
- Free
- Checklist for restructuring and downsizing [203kb PDF]
The current economic crisis is unusual in the speed and severity of impact, but vital lessons learnt in previous downturns around issues of trust, reputation and organisational knowledge must not be forgotten.
This briefing note offers ways to reduce headcount and restructure that minimise the negative impact to individuals and communities, and which ultimately pay dividends to the organisation involved.
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