Downsizing in Big Business

Paper Summary:

This paper discusses the issue of downsizing through corporate layoffs, plant closures and mergers that relinquish small businesses. According to this paper, this changes the face of the American nation which ultimately serves to harm employees. The American Dream used to encompass promoting the interests of workers and employees interested in realizing financial opportunities and long term employment.

From the Paper:

"Hornsby, Mueller & Van Deusen (1998) however, suggest that loyalty can still retain a place in modern corporations. Companies can for example, promote reemployment programs in situations where downsizing is inevitable due to economic restraints. Many times downsizing occurs as companies outsource or subcontract jobs on the domestic and international level (Hornsby, Mueller & Van Deusen, 1998). Clearly this helps reduce corporate overhead (Hornsby et al. 1998). To help reestablish an environment of loyalty however, companies can look to other methods to help reduce costs, including early retirement, voluntary time off among employees and increased use of "part time workers" rather than downsizing and outsourcing jobs internationally to save money (Hornsby et al. 1998). Such actions may re-instill the ideals of corporate loyalty among employees and employees in modern society. "

Sample of Sources Used:

• Bergmann, Thomas, De Meuse, Kenneth, Roraff, Catherine & Vanderheiden, Paul. "New evidence regarding organizational downsizing and a firm's financial performance: A long term analysis." Journal of Managerial Issues, 16.2, 2004: p. 155.
• Deal, Terrence & Kennedy, Allan. The new corporate cultures: Revitalizing the workplace after downsizing, mergers and reengineering. Cambridge: Perseus Publishing, 2000.
• Heckscher, Charles. White-collar blues: Management loyalties in an age of corporate restructuring. New York: Basic Books, 1995.
• Hornsby, Jeffrey, Mueller, Carolyn & Van Deusen, Cheryl V. "Successful downsizing:The case of the Boeing reemployment program." Journal of Leadership Studies, 5(3): 152.
• Karake-Shalhoub, Zeinab A. Organizational downsizing, discrimination and corporate social responsibility. Westport: Quorum Books, 1999.

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