1. Restructuring
... resource managers to manage their employees during the period of restructuring. "Restructuring involves a major change to an organization via downsizing, flattening, elimination of departments and so on" (Stone, 1998, P.835). Restructuring is basically changing the organizational systems. It can be in the various forms but the most familiar term is downsizing. "Downsizing or restructuring aims to ... achieve greater organization efficiency by job elimination" (Stone, 1998, P.585). The corporate restructuring of organizations divided into two types: financial restructuring, and organizati...
- Word Count: 1136
- Approx Pages: 5
- Grade Level: Undergraduate