Restructuring for Corporate Success: A Socially Sensitive Approach

Cover......Page 1
CONTENTS......Page 5
EXECUTIVE SUMMARY......Page 9
INTRODUCTION......Page 13
1 IDEAS AND PRINCIPLES BEHIND SOCIALLY SENSITIVE ENTERPRISE RESTRUCTURING (SSER)......Page 23
Workforce reduction as a management task......Page 26
Management options......Page 30
Good practice in the workforce reduction process......Page 33
Business framework for the process of restructuring......Page 39
Determining factors for the development of an individual strategy......Page 41
The four phases of the workforce reduction process......Page 43
Conclusion......Page 54
2 MINIMIZING SOCIAL AND PERSONAL COSTS: THE TOOLS THAT CAN HELP......Page 57
Counselling......Page 58
Training/employability......Page 59
External job search......Page 60
Creation of small and medium-sized enterprises (SMEs)......Page 61
Mobility......Page 62
Early/partial retirement......Page 63
Alternative work schedule......Page 64
Severance package......Page 65
Case 1. Deutsche Bank, Germany......Page 67
Case 2. Agilent Technologies, Germany......Page 75
Case 3. Carrefour, France......Page 83
Case 4. Volkswagen, Germany......Page 85
Case 5. ZEIM Group, Russian Federation......Page 87
Case 6. Michelin United Kingdom......Page 89
Case 7. Floreal Knitwear, Mauritius......Page 90
Case 8. Dunaferr, Hungary......Page 93
Case 9. Svenska Posten, Sweden......Page 96
Case 10. Vauxhall Motors Ltd, United Kingdom......Page 98
Case 11. Cable and Wireless, Barbados......Page 102
Case 12. South African Breweries......Page 105
Case 13. Levi Strauss, United States......Page 106
4 THE ROLE OF SOCIAL DIALOGUE IN MITIGATING THE NEGATIVE EFFECTS OF RESTRUCTURING......Page 107
International guidance......Page 108
The EU legislative framework......Page 109
National legal frameworks......Page 113
Social dialogue at EU level......Page 115
Principles of SSER in the European Union......Page 117
Examples of managing restructuring in a socially sensitive way......Page 118
Lessons to be learned from the EU experience......Page 129
Enterprise-level strategy, policies and practices......Page 135
Policy assistance in facilitating the restructuring process......Page 136
BIBLIOGRAPHY......Page 139
INDEX......Page 143