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Word Count: 723
Downsizing Often in todays business world employees are faced with the fears of losing their jobs to company downsizing or re-structuring And in many cases employees are struck without any warning or post downsizing counseling by their employers What does downsizing mean Well in in a business enterprise downsizing is reducing the number of employees on the operating payroll Some users distinguish downsizing from a layoff with downsizing intended to be a permanent downscaling and a layoff intended to be a temporary downscaling in which employees may later be rehired Businesses use several techniques in downsizing including providing incentives to take early retirement and transfer to subsidiary companies but the most common technique is to simply terminate the employment of a certain number of people There are a few words related to downsizing and they are directly related to the ultimate results first there is Rightsizing and it means downsizing in the belief that an enterprise really should operate with fewer people Then there is Dumbsizing and that means downsizing that in retrospect failed to achieve the desired effect Since downsizing is a modern business world reality the emphasis is positioned on the will to streamline and re-structure todays organizations in order to satisfy the shareholders desire for positive action regarding their companys share of the marketplace As we have discussed the magnificence of Nike during the past few weeks it was interesting to discover that Nike themselves have victimized hundreds of workers by downsizing throughout the world Most times Nike streamlined their organization by hiring slave labor in countries such as Korea Indonesia and Vietnam for salaries ranging from a few cents an hour to less than two dollars a day Often these under developed countries fell victims of downsizing themselves as Nike closed manufacturing facilities in order to move on to other countries offering cheaper labor I personally have been victim of downsizing on a smaller scale since my
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