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Downsizing in 1982

in 1982 it seems the company will have to downsize. What are the factors that are forcing the company to make that decision? What alternatives should the company explore prior to making a downsizing decision?

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During the infamous President Ronald Regan era the American economy took many turns; some for the worse and some for the better. In the late 1970s to early 1980s studies have shown that layoffs were high. Much of these layoffs were in the automotive and manufacturing industry. One of the primary economic initiatives during President Regan's era was to make the United States more competitive on an international level. As the government still felt the effects of the recession, many companies did as well. In order to stay in business and maintain some form of market dominance, many Fortune 500 companies had to restructure their organizations dynamics and the only way to do so was through layoffs for immediate flash to bang.

Downsizing for any organization can have a major impact not only on its employees, but more so on the local economy. As the American economy continues it's "up and down" financial standings here in the United States, but also on an ...

Solution Summary

The solution discusses downsizing in 1982. The factors that are forcing the company to make that decision and alternatives should the company explore prior to making a downsizing decision are determined.

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