EXECUTIVE SUMMARYThis report furnishs an insight to the risks, cost and problems that ABN AMRO managementmay face and should consider firearm executing downsizing. Various risks and problems beexplained and recommendations be made to minimize them.
The electromotive force risks such as vengeance of laid dour employees, morale deflation of survivors, andslump of creativity are discussed in detail. The financial impact of awry(p) downsizing such aslegal cost and retaliatory behavior costs are discussed. In addition, we have suggested ways tominimize these costs. The various types of problems that are gener on the wholey faced by the managerswho execute downsizing are discussed at length and an insight about how these problems canbe suspended is discussed.
ABN AMRO management should bring in a thoroughly planned and time bound outline fordownsizing. Management should make its concerns known to the employees and seek theirinput before beginning to downsize. The reasons for downsizing should be clearly communicatedand discussed in detail with all the employees including the survivors. This is important to keepthe morale of the survivors high in order to avoid unrest among them. Employees being laid offshould be treated with empathy and lordliness and advance notice should be given to them.
Management should provide career services to the employees and provide training whichwould be of inspection and repair to find another job.
The way management treats the laid off people will havetremendous impact not save on the survivors but also on its image.
The managers or supervisors who will introduce the final message to the victims should be trainedso that they can handle the event in a desired and consistent way. The training should focusnot only on the external challenges from the situation but also on the internal challenges thatmanagers and supervisors might face from within themselves.
On the infrastructure of thorough analysis of the situation at ABN AMRO and considering the...
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