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What is restructuring and downsizing?

Updated: 9/17/2019
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What has the author U Grasshof written?

U. Grasshof has written: 'Corporate restructuring, downsizing and managerial compensation'


What are the advantages and Disadvantages of downsizing?

Downsizing is the process of reducing the number of workers in a certain firm. There are a lot of reasons why a firm undergo into downsizing. One reason is to minimize the cost, and to increase productivity. This practice has its own disadvantages and advantages, let us first discuss some of the disadvantages of downsizing. First is that downsizing forces re-thinking of employment strategy, lifelong strategy will no longer be effective after a downsizing. Next, violation of psychological contract, simply because due to downsizing the workers lower their work commitment.If their are disadvantages of downsizing their are also advantages out of this practice. Changes in Strategy,Organization structure and Culture accompany job cuts of downsizing.


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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.


What is the antonym of downsizing?

upsizing


What are the best methods for downsizing?

contracting-out


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For Your Home - 2003 Downsizing Can Be Uplifting was released on: USA: 5 October 2013


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CNN Presents - 1993 Downsizing-com was released on: USA: 2001


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What are the advantages of staff restructuring?

One advantage to staff restructuring is the fact that it will move employees who are not performing to another position. You may find that after restructuring, the person becomes an asset to your team.


How do you discuss downsizing in a cover letter?

You don't say whether or not you are the victim of downsizing, or if you will be expected to participate in downsizing in a management position at the new job. Generally, the cover letter is NOT the place to discuss specifics of the job. The cover letter is basically designed to get the potential employer to read your resume. You can tailor your resume to discuss the downsizing issue from either perspective.