Strategies for responsible restructuring

Academy of Management Executive

Volumn 16, Issue 3, 2002, Pages 80-91

  Cascio, Wayne F ^a  

^a UNIVERSITY OF COLORADO   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0036704392     PISSN: 10795545     EISSN: None     Source Type: Journal    
DOI: 10.5465/AME.2002.8540331     Document Type: Conference Paper

References (78)

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5. Dawkins, P., & Littler, C.R. (Eds.). July 2001. Downsizing: Is it working for Australia? http://www.ceda.com.au.
6. See, for example, Blau, F.D., & Ferber, M.A. 1987. The economics of women, men, and work. Englewood Cliffs, NJ: Prentice-Hall; Schneer, J.A., & Reitman, F. 1997. The interrupted managerial career path: A longitudinal study of MBAs. Journal of Vocational Behavior, 51(3): 411-434; and Schneer, J.A., & Reitman, F. 1995. The impact of gender as managerial careers unfold. Journal of Vocational Behavior, 47(3): 290-315.
7. See, for example, Blau, F.D., & Ferber, M.A. 1987. The economics of women, men, and work. Englewood Cliffs, NJ: Prentice-Hall; Schneer, J.A., & Reitman, F. 1997. The interrupted managerial career path: A longitudinal study of MBAs. Journal of Vocational Behavior, 51(3): 411-434; and Schneer, J.A., & Reitman, F. 1995. The impact of gender as managerial careers unfold. Journal of Vocational Behavior, 47(3): 290-315.
8. See, for example, Blau, F.D., & Ferber, M.A. 1987. The economics of women, men, and work. Englewood Cliffs, NJ: Prentice-Hall; Schneer, J.A., & Reitman, F. 1997. The interrupted managerial career path: A longitudinal study of MBAs. Journal of Vocational Behavior, 51(3): 411-434; and Schneer, J.A., & Reitman, F. 1995. The impact of gender as managerial careers unfold. Journal of Vocational Behavior, 47(3): 290-315.
9. Cascio, W.F., & Young, C.E. 2001. Financial consequences of employment-change decisions in major U.S. corporations: 1982-2000. In K.P. De Meuse & M.L. Marks (Eds.). Resizing the organization. In press, San Francisco: Jossey-Bass. See also Cascio, W.F., Young, C.E., & Morris, J.R. 1997. Financial consequences of employment-change decisions in major U.S. corporations. Academy of Management Journal, 40(5): 1175-1189; and Morris, J.R., Cascio, W.F., & Young, C.E. 1999. Have employment downsizings been successful? Organizational Dynamics, 27(3): 78-87.
10. Cascio, W.F., & Young, C.E. 2001. Financial consequences of employment-change decisions in major U.S. corporations: 1982-2000. In K.P. De Meuse & M.L. Marks (Eds.). Resizing the organization. In press, San Francisco: Jossey-Bass. See also Cascio, W.F., Young, C.E., & Morris, J.R. 1997. Financial consequences of employment-change decisions in major U.S. corporations. Academy of Management Journal, 40(5): 1175-1189; and Morris, J.R., Cascio, W.F., & Young, C.E. 1999. Have employment downsizings been successful? Organizational Dynamics, 27(3): 78-87.
11. Cascio, W.F., & Young, C.E. 2001. Financial consequences of employment-change decisions in major U.S. corporations: 1982-2000. In K.P. De Meuse & M.L. Marks (Eds.). Resizing the organization. In press, San Francisco: Jossey-Bass. See also Cascio, W.F., Young, C.E., & Morris, J.R. 1997. Financial consequences of employment-change decisions in major U.S. corporations. Academy of Management Journal, 40(5): 1175-1189; and Morris, J.R., Cascio, W.F., & Young, C.E. 1999. Have employment downsizings been successful? Organizational Dynamics, 27(3): 78-87.
12. Cascio, et al., op. cit.
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14. Cascio, W.F. 1993. Downsizing: What do we know? What have we learned? The Academy of Management Executive, 7(1): 95-104. See also Cascio, W.F. Strategies for responsible restructuring. Keynote address presented at the National Manpower Summit, Singapore, 18 October 2001.
15. Cascio, W.F. 1993. Downsizing: What do we know? What have we learned? The Academy of Management Executive, 7(1): 95-104. See also Cascio, W.F. Strategies for responsible restructuring. Keynote address presented at the National Manpower Summit, Singapore, 18 October 2001.
16. Morris, op. cit.
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21. I b i d.
22. Hitachi decides another 4,000 workers in Japan must go. South China Morning Post, 31 January 2002, 1; Kunii, I. Under the knife. BusinessWeek, 10 September 2001, 62; and Larimer, T. Worst-case scenario. Time, 26 March 2001, 54-56. See also Shirouzu, N. Leaner and meaner: Driven by necessity-and by Ford-Mazda downsizes, U.S.-style. Wall Street Journal, 5 January 2000, A1, A10. See also Sony's shake up. BusinessWeek, 22 March 1999, 52, 53.
23. Hitachi decides another 4,000 workers in Japan must go. South China Morning Post, 31 January 2002, 1; Kunii, I. Under the knife. BusinessWeek, 10 September 2001, 62; and Larimer, T. Worst-case scenario. Time, 26 March 2001, 54-56. See also Shirouzu, N. Leaner and meaner: Driven by necessity-and by Ford-Mazda downsizes, U.S.-style. Wall Street Journal, 5 January 2000, A1, A10. See also Sony's shake up. BusinessWeek, 22 March 1999, 52, 53.
24. Hitachi decides another 4,000 workers in Japan must go. South China Morning Post, 31 January 2002, 1; Kunii, I. Under the knife. BusinessWeek, 10 September 2001, 62; and Larimer, T. Worst-case scenario. Time, 26 March 2001, 54-56. See also Shirouzu, N. Leaner and meaner: Driven by necessity-and by Ford-Mazda downsizes, U.S.-style. Wall Street Journal, 5 January 2000, A1, A10. See also Sony's shake up. BusinessWeek, 22 March 1999, 52, 53.
25. Hitachi decides another 4,000 workers in Japan must go. South China Morning Post, 31 January 2002, 1; Kunii, I. Under the knife. BusinessWeek, 10 September 2001, 62; and Larimer, T. Worst-case scenario. Time, 26 March 2001, 54-56. See also Shirouzu, N. Leaner and meaner: Driven by necessity-and by Ford-Mazda downsizes, U.S.-style. Wall Street Journal, 5 January 2000, A1, A10. See also Sony's shake up. BusinessWeek, 22 March 1999, 52, 53.
26. Hitachi decides another 4,000 workers in Japan must go. South China Morning Post, 31 January 2002, 1; Kunii, I. Under the knife. BusinessWeek, 10 September 2001, 62; and Larimer, T. Worst-case scenario. Time, 26 March 2001, 54-56. See also Shirouzu, N. Leaner and meaner: Driven by necessity-and by Ford-Mazda downsizes, U.S.-style. Wall Street Journal, 5 January 2000, A1, A10. See also Sony's shake up. BusinessWeek, 22 March 1999, 52, 53.
27. 43pc of firms plan to cut staff, says poll. South China Morning Post, 26 February 2002, 1; and China warns of 20 million urban jobless. South China Morning Post, 30 April 2002, 1.
28. 43pc of firms plan to cut staff, says poll. South China Morning Post, 26 February 2002, 1; and China warns of 20 million urban jobless. South China Morning Post, 30 April 2002, 1.
29. Winestock, G. A reticent European right balks on labor. Wall Street Journal, 21 June 2002, A6, A7; and Matlack, C. The high cost of France's aversion to layoffs. BusinessWeek, 5 November 2001, 56.
30. Winestock, G. A reticent European right balks on labor. Wall Street Journal, 21 June 2002, A6, A7; and Matlack, C. The high cost of France's aversion to layoffs. BusinessWeek, 5 November 2001, 56.
31. Winestock, op. cit.
32. Larsen, K. EMI plans job cuts, large cost savings. Asian Wall Street Journal, 21 March 2002, M6; Pritchard, S. Deregulation and debt serve to hasten inevitable. South China Morning Post, 26 March 2002, 2; and Gamel, K. Ericsson to cut 17,000 jobs. 22 April 2002. http://www.cbsmarketwatch.com.
33. Larsen, K. EMI plans job cuts, large cost savings. Asian Wall Street Journal, 21 March 2002, M6; Pritchard, S. Deregulation and debt serve to hasten inevitable. South China Morning Post, 26 March 2002, 2; and Gamel, K. Ericsson to cut 17,000 jobs. 22 April 2002. http://www.cbsmarketwatch.com.
34. Larsen, K. EMI plans job cuts, large cost savings. Asian Wall Street Journal, 21 March 2002, M6; Pritchard, S. Deregulation and debt serve to hasten inevitable. South China Morning Post, 26 March 2002, 2; and Gamel, K. Ericsson to cut 17,000 jobs. 22 April 2002. http://www.cbsmarketwatch.com.
35. Hamel, G. 2000. Leading the revolution. Boston: Harvard Business School Press.
36. Statistical process control (SPC) is a quality-control technique that is based on statistical theory. Its objective is to study the variation in the output of production processes. Six sigma is a standard in SPC where almost all variability in product or service output has been eliminated. In a six-sigma system, one expects only 3.4 defects per million units of output. Enterprise resource planning is a computer-based software system that integrates all departments and functions into a single information database.
37. Norris, F. Financial magic looked good, but left companies weak. New York Times, 28 September 2001. http://www.NYTimes.com.
38. U.S. Department of Labor. 1995. Guide to responsible restructuring. Washington, DC: U.S. Government Printing Office.
39. Fisher, S.R., & White, M.A. 2000. Downsizing in a learning organization: Are there hidden costs? Academy of Management Review, 25(1): 244-251.
40. The sources of these recommendations, unless otherwise noted, are my own research, as described in Guide to responsible restructuring, op. cit., as well as the following: Cravotta, R., & Kleiner, B.H. 2001. New developments concerning reductions in force. Management Research News, 24(3/4): 90-93. See also Moravec, M. The right way to rightsize. Industry Week, 5 September 1994, 46.
41. The sources of these recommendations, unless otherwise noted, are my own research, as described in Guide to responsible restructuring, op. cit., as well as the following: Cravotta, R., & Kleiner, B.H. 2001. New developments concerning reductions in force. Management Research News, 24(3/4): 90-93. See also Moravec, M. The right way to rightsize. Industry Week, 5 September 1994, 46.
42. For mere on this topic, see Seiders, K., & Berry, L.L. 1998. Service fairness: What it is and why it matters. The Academy of Management Executive, 12(2): 8-20.
43. McKinley, W., Zhao, J., & Rust, K.G. 2000. A sociocognitive interpretation of organizational downsizing. Academy of Management Review, 25(1): 227-243.
44. Lavelle, L. Thinking beyond the one-size-fits-all pay cut. BusinessWeek, 3 December 2001, 45.
45. Ibid. See also The year downsizing grew up. The Economist, 21 December 1996, 97-99.
46. Ibid. See also The year downsizing grew up. The Economist, 21 December 1996, 97-99.
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49. Cascio & Young, op. cit.
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51. Mishra, K.E., Spreitzer, G.M., & Mishra, A.K. 1998. Preserving employee morale during downsizing. Sloan Management Review, 39(2): 83-95. See also Gray, R. Internal communication: Its critical role during business reorganizations. Presentation to the Australian Human Resources Institute, Sydney, 1 November 2001.
52. Mishra, K.E., Spreitzer, G.M., & Mishra, A.K. 1998. Preserving employee morale during downsizing. Sloan Management Review, 39(2): 83-95. See also Gray, R. Internal communication: Its critical role during business reorganizations. Presentation to the Australian Human Resources Institute, Sydney, 1 November 2001.
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54. As one example of this, see Barrionuevo, A. Jobless in a flash, Enron's ex-employees are stunned, bitter, ashamed. Wall Street Journal, 11 December 2001, B1, B12.
55. Cascio, W.F. Downsizing: What do we know?, op. cit.
56. Appelbaum, S.H., Everard, A., & Hung, L.T.S. 1999. Strategic downsizing: Critical success factors. Management Decision, 37(7): 535-552.
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59. Vogelstein, F. Can Schwab get its mojo back? Fortune, 17 September 2001, 93-98. See also Bernstein, A. America's future: The human factor. BusinessWeek, 27 August 2001, 118-122.
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62. Schwab versus Wall Street. BusinessWeek, 3 June 2002, 64-70.
63. Bernstein, op. cit.
64. Uchitelle, op. cit.
65. Bernstein, op. cit.
66. Uchitelle, op. cit.
67. Source: Singapore Ministry of Manpower. February 2001. Managing excess manpower, case study series. Singapore: Author.
68. Guide to responsible restructuring, op. cit.
69. Cascio & Young, op. cit. See also Conlin, M. Where layoffs are a last resort. 8 October 2001. http://www.businessweek.com.
70. Cascio & Young, op. cit. See also Conlin, M. Where layoffs are a last resort. 8 October 2001. http://www.businessweek.com.
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73. Feldman, M., & Spratt, M. 1999. Five frogs on a log: A CEO's field guide to accelerating the transition in mergers, acquisitions, and gut-wrenching change. New York: Harper.
74. De Vries, M., & Balazs, K. 1997. The downside of downsizing. Human Relations, 50(1): 11-50.
75. Appelbaum, S.H., Lavigne-Schmidt, S., Peytchev, M., & Shapiro, B. 1999. Downsizing: Measuring the costs of failure. Journal of Management Development, 18(5): 436-463.
76. Becker, B.E., Huselid, M.A., & Ulrich, D. 2001. The HR scorecard: Linking people, strategy, and performance. Boston: Harvard Business School Press. See also Delery, J.E., & Doty, D.H. 1996. Modes of theorizing in strategic human resource management: Tests of universalistic, contingency, and configurational performance predictions. Academy of Management Journal, 39(4): 802-835.
77. Becker, B.E., Huselid, M.A., & Ulrich, D. 2001. The HR scorecard: Linking people, strategy, and performance. Boston: Harvard Business School Press. See also Delery, J.E., & Doty, D.H. 1996. Modes of theorizing in strategic human resource management: Tests of universalistic, contingency, and configurational performance predictions. Academy of Management Journal, 39(4): 802-835.
78. Darling & Nurmi, op. cit.