It's About Human Beings, Not Just Headcount

Triplett, Tim
April 2009
Metal Center News;Apr2009, Vol. 49 Issue 4, p8
Trade Publication
The author reflects on the response of companies in the U.S. metal trade on the layoff system. He reveals that companies consider layoff system as the best solution to cut labor costs especially in the midst of the global financial crisis, while others described layoff system as a failure. He also points out the importance of properly identifying persons to be included in the layoff since it can destroy the effectiveness of a company.


Related Articles

  • Layoffs and creativity: Are you expelling the Innovators? Sutton, Robert // Communication World;Jan/Feb2009, Vol. 26 Issue 1, p48 

    The author reflects on the issues concerning using layoffs as a reason to expel everyone in the organization. He states that this trend happens in particular firms since these organizations save on recruiting and training costs when the demand for their people returns. He also notes that a...

  • HOLD ONTO YOUR EMPLOYEES. Konnerth, Ted // Electrical Wholesaling;Dec2008, Vol. 89 Issue 12, p61 

    The author reflects on the business planning during financial crisis in the U.S. He points out that companies with no strategic plan for keeping the employees will be going to be short-handed in the future. He notes that true cost to replace an employee ranges between 25 percent to over 200...

  • White & Case to cut staff in US and London offices. Berris, Julia; Hoare, Steve // Lawyer;11/17/2008, Vol. 22 Issue 45, p6 

    The article reports on the plan of law firm White & Case LLP to layoff staff in its U.S. and London, England offices. In the U.S., the firm is planning to cut 9% of its workforce while 10 jobs are on the line at its London facility. It states that the layoff system is due to the global financial...

  • Swingeing P&O job cuts put top marketing position in question.  // Marketing Week;9/30/2004, Vol. 27 Issue 40, p6 

    Reports on the controversy faced by P&O Ferries due to its plan for massive job cuts in Great Britain. Expectation of the marketing team to suffer some of the proposed job cuts; Financial losses of the company; Increase in competition on cross-Channel business from low-cost airlines and the...

  • Beating TURBULENCE. Williams, Sonny; Marks, Kenneth H. // Industrial Engineer: IE;Sep2010, Vol. 42 Issue 9, p36 

    The article discusses the use of rigorous assessment of short- and long-term outlooks by companies to thrive in the chaotic market conditions in the U.S. The authors observe on the need for a business model review to increase the chances of surviving the economic turmoil, which has resulted in...

  • Anatomy of a Reversed Foreign Divestment Decision: General Motors and its European Subsiadiary, Opel. McDermott, Michael C.; Luethge, Denise J. // GSTF Business Review;Nov2013, Vol. 3 Issue 1, p147 

    During this recent period of economic crisis and rising unemployment, General Motors, the US multinational, announced its decision to sell off Opel, its loss-making European operations. Foreign divestment (FD) decisions are notoriously secret, and often very controversial, arousing strong...

  • The Unkindest Cut. Falum, Sander A. // Pharmaceutical Executive;Apr2009, Vol. 29 Issue 4, p98 

    The article presents the author's views on the layoff system of various industries in the U.S. due to the global financial crisis. He believes that the main concern of the layoff system is not the number of people that these industries left out of work, but the breadth of the affected...

  • Citi Buying SIV Assets, Slashing Jobs.  // Investment Dealers' Digest;11/24/2008, Vol. 74 Issue 45, p15 

    The article offers updates related to the activities of Citigroup Inc. to strengthen its market position in the U.S. amid to the global financial crisis. The company is buying up the last $17.4 billion of assets in its structured investment vehicles (SIV). The company is also planning to cut its...

  • Virtual office trumps layoffs. Soule, Alexander // Fairfield County Business Journal;6/1/2009, Vol. 48 Issue 22, p15 

    The article reports on the strategies of Renee Lunchana, founder and owner of CD Mastercopy, to prevent from laying off employees due to the global financial crisis. Lunchana decided to end the company's leasing agreement with its landlord and disperse its employees to home offices to save about...


Read the Article


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

Try another library?
Sign out of this library

Other Topics