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Human resources consultant Peter Wallbridge discusses how to manage layoffs. He discusses genuine redundancies versus redundancies as an excuse to fire someone. He recommends flexible employment contracts. The human resources director should be objective and factual in laying someone off, and not assume the person should react a certain way. Wallbridge discusses how to balance the company's and the worker's priorities.
Description
On Wall Street, no one has earned a bigger reputation for cutting companies down to size than corporate turn-around artist Albert J. Dunlap. As head of Scott Paper and, more recently, as CEO of Sunbeam, Dunlap carried out his time-tested formula as spelled out in his bluntly titled book Mean Business: boost the bottom line with swift, deep layoffs; sell off divisions; and move production to lower-wage states or abroad. Filmed at the height of Dunlap's...
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