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Downsizing is when companies try to reduce costs by getting rid of a significant number of unnecessary workers. It can be spurred by new technologies or new business methods which render some of the workers redundant. It can also be spurred by simple desperation (budget crunches), or by a desire to leave low-profit markets. If your company isn't going to be selling widgets any longer, then all the workers involved in making and selling widgets become dead-weight in the organization.
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Millions of workers lost their jobs due to downsizing?
Yes.
Millions of workers have lost their jobs due to downsizing at the same time many organizations complain that they are unable to find qualified people to fulfill vaccancies explain contradiction?
Not every worker can fill very job. If a hotel lays off workers, those workers can't necessarily go and become engineers. If engineers are laid off, they can't necessarily go and get a job at a hotel. Most jobs have specialized requirements, and filling it means finding an available worker who can do the job, not just any available worker. Thus, many people can be out of work, and companies can still not be able to find the workers that they're looking for.
What is downsizing strategy and its effects on businesses?
A downsizing strategy refers to reducing the general production of a business. This will have negative effects on businesses profits are also reduced and workers also lose their jobs.
In 1990's how many jobs were lost each year to downsizing?
During the 1990s, it is estimated that millions of jobs were lost each year due to downsizing. The exact number varied annually depending on economic conditions and industry trends.
Why is Chrysler downsizing in jobs?
Chrysler is downsizing jobs so that they can stay competitive in the global market by reducing costs. By downsizing they save on paying weekly wages, health care , and other benefits.
How does telecommunications technology helps workers do their jobs more efficiently?
explain how telecommunications technology helps workers do their jobs more efficiently?
How does the telecommunications technology help workers do their jobs more efficiently?
In 3-5 sentences, explain how telecommunications technology helps workers do their jobs more efficiently.
Explain how the workplace issue of downsizing is related to the global economy?
As the baby-boom generation start to retire, there will be fewer experienced workers to work for the industries. This will then cause the industries to search for people with appropriate skills needed for the jobs. If the industries don't find the workers in time, there will be an effect on the business. This effect is, the people won't get what they need from the industry causing the industry to lose its business.
Millions of workers have lost their jobs due to downsizing at the same time many organizations complain that they are unable to find qualified people to fulfill vacancies explain contradiction?
This is a scenario that many cause many people to be perplexed. I have given some thought to it and this is what I have come up with. People are used to being told what to do. The feel that once the learn how to do a given thing that there should be businesses out there that need to get it done, otherwise why would have they been taught to do it. The reason for the downsizing is that the companies that they work for are now offering products or services that are no longer in demand like they were. Rather that offering something else that is needed, they shrinkand eventually go out of business, and you lost your job. These millions of workers who have lost their old jobs that no one wants them to do have not figured out that they need to find out what people do want them to do...learn to do that...and they they have a job. The solution to not having a job lies within ourselves. If you need more help, get back and I will try to give more specificity.
Is Downsizing often used by organizations for the planned elimination of jobs?
yes!
How do you use jeopardy in a sentence?
Because of the teams lack of experience, the project was in jeopardy and the manager was worried. His reckless driving was putting the safety of the public in jeopardy. Downsizing by the company meant that many workers' jobs were in jeopardy.
Disadvantages of downsizing?
One disadvantage of downsizing is that people may lose their jobs and their livelihood. Another disadvantage is that the atmosphere around the office may suffer after people are fired.
