Posted: March 31st, 2016

What responsibilities (if any) do firms have to their employees if downsizing is a part of restructuring?

Should a firm wait for performance declines before it adopts a retrenchment strategy or should it seek to avert a decline by pursuing retrenchment while things seem to be going well? How can a firm seek to divert such a decline? What responsibilities (if any) do firms have to their employees if downsizing is a part of restructuring? Defend your answer.