Retrenchment - Is It a Downsizing Strategy
Managing Downturn - ICFAI Press Special Edition, 2009
13 Pages Posted: 30 Jun 2009
Date Written: June 30, 2009
In times of economic adversity, organizations have multiple courses of action to consider. This paper synthesizes the existing literature from two perspectives - cost cutting and investment for growth. Conditions to consider for each choice are explained, overall recommendations for moving forward are provided, and potential research areas are identified.
Keywords: Down trend, down sizing, HR strategy, retrenchment, layoff
JEL Classification: J33
Suggested Citation: Suggested Citation