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Article 20 Presented by: Delle Durr & Lauren Goddard Franco Gandolfi.

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1 Article 20 Presented by: Delle Durr & Lauren Goddard Franco Gandolfi

2  Reduces a businesses number in size  In business, the term means to fire employees  Firms view downsizing as a “reactive response to organizational bankruptcy or recession”

3  Decisions that the business chooses to make will effect these three areas:  Company-specific  Industry-specific  Macroeconomic- factors

4  Survivors  Victims  Executioners  zQ zQ

5  Firms downsize as a response to organizational bankruptcy or recession  It has occurred on both private and public sectors  Statistics:  The U.S. Bureau of Labor Statistics reported that more than 4.3 million jobs were cut between  The New York Times states that more than 43 million jobs had been eliminated between

6  Hennessy Honda provided a Human Resource plan to announce the companies downsizing preparations

7  Hennessy Honda wanted to ensure that the stress from the downsizing wouldn’t impact the employees physical and mental state therefore they gave them a free month to the neighboring gym to persuade a healthier lifestyle

8  Weekly Saturday meetings with manager  Reducing stress  Voicing opinions and concerns

9  Fixed cost vs. variable cost  Outsourcing

10  How much downsizing is enough?  laid off out of 115 employees

11  Downsizing remains complex  Most firms adopting downsizing strategies do not reap economic and organizational benefits  There is no empirical evidence to suggest a correlation between downsizing and improved financial performance  Affects the entire workforce, survivors, victims, and executioners, in a most profound manner  Five lessons can help to strategize the downsizing process

12  Annual Editions Business Ethics 10/11 by Richardson Article 20 pg  BNET Business Dictionary, ning.html, Date Viewed: May 24, ning.html  Hennessy Honda, inventory/index.htm?reset=InventoryListing&invType=new&S Byear=2010&SBmake=Honda&SBmodel=Accord%20Crosst ou, Date Viewed: May 24, 2010http://www.hennessyhonda.com/new- inventory/index.htm?reset=InventoryListing&invType=new&S Byear=2010&SBmake=Honda&SBmodel=Accord%20Crosst ou  Merriam-Webster, Date Viewed: May 21, 2010http://www.merriam-webster.com/  YouTube, Date Viewed: May 24, 2010http://www.youtube.com/watch?v=4nD40I4gGzQ


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