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- INTRODUCTION - Downsizing restructuring rightsizing even a term as obscure as censusreadjustment has been used to describe the plague that has been affectingcorporate America for years and has left many of its hardest working employeeswithout work In the 1980s twenty-five percent of middle managementwas eliminated in the United States GreenbergBaron 582 In the 1990sone million managers of American corporations with salaries over 40000also lost their jobs GreenbergBaron 582 In total Fortune 500 companieshave eliminated 44 million positions since 1979 GreenbergBaron 627 Althoughthis downsizing of companies can have many reasons behind it and cannot beavoided at times there are simple measures a company can take to make theprocess easier on the laid-off employees and those who survive with thecompany- STAGES OF DOWNSIZING - The downsizing process can generally be broken down intothreedistinct stages The first stage is called the diagnostic stage In thisstage management staff pulls together and determines the amount of costsand expenses that need to be reduced and how much can come out of layoffsMoore 49 This stage usually takes about two to three months to completeDuring this time the upper management reviews all financial records in orderto determine how much is needed to be cut from salary expenditures Moore50 This stage is concluded when the senior management has a detailed planon who will be let go and who will remain with the company During thisstage there is one common mistake many companies make lack of communicationThe middle management is usually left out of all downsizing plans This iswrong and creates a big mistake Middle management should be looked uponas a valuable tool for giving input where cuts should be made Moore 51 The next stage of downsizing is the implementation stageDuring this stage the employees are laid off The time between an announcementand the actual layoff should be as short as possible This will almost insurethat a panic will be avoided and give a clear view of the situation at handwithout
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