Causes of corp. cutbacks, alternatives, implementation & social, psychological & economic effects on workers, communities and shareholders.
Written in 1999; 4,275 words; 14 sources; $ 135.95
From the Paper:
"Introduction
Companies refer to the process by many names: "downsizing," "rightsizing," "cutting back," "trimming the fat," "working smarter" and "re-engineering" are just a few of the ways the process is described. Regardless of what companies call the process, the end result is that employees, sometimes hundreds or thousands, lose their jobs and incomes, and entire communities are sometimes plunged into chaos as a result. For some companies, reducing their labor force by such drastic measures is a necessity if any part of the company is to survive. These companies are in severe financial straits and may not survive even after severe labor cutbacks. For other companies, such measures are undertaken in order to improve their "bottom line" and increase their attractiveness to investors, some of whom are likely to be senior manage.."
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