TITLE

HANDLE WITH CARE

AUTHOR(S)
MacLachlan, Rob
PUB. DATE
July 2011
SOURCE
People Management;Jul2011, p3
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The author focuses on the decision of care home operator Southern Cross to cut its cost base by paring back the quantity and terms and conditions of its workforce. The author mentions whether the organization can avoid business disaster by successfully negotiating rent cuts with the 80 various landlords from whom it leases its 750 homes. According to the publication "The Guardian," it has arranged proposals to cut 3,000 more jobs. It was also mentioned that Southern Cross had a flawed business model that was worsened by rapid expansion.
ACCESSION #
62855956

 

Related Articles

  • MAXED OUT. Fields-White, MonÉe // Crain's Chicago Business;9/28/2009, Vol. 32 Issue 39, p4 

    The article reports that office product retailer OfficeMax Inc. has closed underperforming stores and cut jobs over the past several years that have helped it to beat earnings expectations despite several quarters of losses. OfficeMax chief executive officer (CEO) Sam Duncan unveiled a...

  • Four Go Down To One: Macy's Cuts Divisions And 7,000 Employees. Moin, David // WWD: Women's Wear Daily;2/3/2009, Vol. 197 Issue 22, p1 

    The article reports that Macy's Inc. has centralized its four division to one operation and has reduced its manpower by 4 percent or 7,000 jobs to cope with the worsening economy in New York City. Macy's move was cited as one of its series of steps to financially save and improve cash flow. It...

  • Lower profits are new reality.  // MEED: Middle East Economic Digest;2/20/2009, Vol. 53 Issue 8, p6 

    The article discusses results of the Gulf Construction Outlook Survey which has found that the current downturn has forced construction firms to rapidly rewrite their business plans. The survey found that 70 per cent of construction firms are preparing to make significant job cuts this year and...

  • Outsourcing Product Development. Hartman, Lauren R. // Food Processing (00156523);Oct2016, Vol. 77 Issue 10, p42 

    The article discusses the benefits of outsourcing research and development (R&D) as cost-cutting and downsizing strategies for a company. Topics discussed include insights from Barb Stucky, president of design company Mattson on how outsourced R&D allows organization to tap experience across...

  • The next steps at Citigroup.  // Crain's New York Business;4/16/2007, Vol. 23 Issue 16, p12 

    The article comments on the cost-cutting plan of Citigroup Inc. It has been said that the staffing reductions of the company were so modest that they will almost certainly not be the final word. Most of the cuts will likely affect back-office and clerical personnel with experience in technology...

  • TVSM cuts back, seeks investors. Donaton, Scott // Advertising Age;1/7/1991, Vol. 62 Issue 1, p44 

    Reports on the plan of TVSM, publisher of the 'Cable Guide,' to cutback its expansion proposal and seek outside investors as of January 1991. Reason behind the move; Details on the downsizing activities of the company; Factors that affected the expansion plans of the company.

  • AmericanWest scraps acquirer role. Crompton, Kim // Journal of Business (10756124);11/20/2008, Vol. 23 Issue 24, pA1 

    The article reports on the plan of AmericanWest Bancorp to reduce its total workforce by up to 10 percent and to secure private equity funding in Spokane County, Washington. The move is part of the company's effort to stem losses and raise capital. The company hopes to secure the capital it...

  • Expansion Options. Dudek, Thomas; Talley Jr., Curtis // Nursery Management;Nov2011, Vol. 27 Issue 11, p62 

    The article focuses on several factors to consider in entering a lease agreement. It states that the payment of rent should consider, like installment or in advance form. It also mentions the cost of operation condition when the operator and owner use the same utility meters, and additional...

  • First Solar Cites European Woes In Cutting Production, Staff.  // Energy Daily;4/18/2012, Issue 75, p6 

    The article reports on the restructuring plan of U.S. solar panel manufacturer First Solar Inc., which includes reducing its global workforce by 30 percent and closing its manufacturing operations in Frankfurt, Germany in the fourth quarter of 2012. The plan is expected to reduce its costs by...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics