Welcome to the 1520 Perfect Dictionary
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| Downsizing | |
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| DOWNSIZING Definition: The act of reducing the number of people who work in a company, business, etc. in order to reduce cost. ______________________________________________________________________ * All nine elements should be in. 1. Purposeful (see definition). 2. Considered necessary to effect reduction. 3. The labour union and/or employee(s) are informed, in advance, about the likelihood of impending retrenchments. 4. The staff laid off are not the 'backbone' of the business, etc. 5. Dues, allowances, etc. that are the entitlements of dismissed or retired staff are fully and timely paid. 6. Production level or productivity does not decrease greatly, as a result of the act, to affect profit or sustainability of the company, etc. (connect to #4). 7. No unplanned loss arises from exercise, especially from the reaction of the laid off employee(s). 8. (Reserved.) (Employees sent away are absorbed or engaged in some other companies, businesses, etc.) 9. Act achieves objective(s). ______________________________ See perfect RETRENCHMENT. Quote: "After massive downsizing exercises, it is sometimes hard to tell who is less fortunate - the employees who have had to leave or those are left behind commonly termed the working dead". - Juanita Simpson. | |
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1520 Products was established in 2005 with the purpose of entertaining and teaching us on key and important aspects of life (such as marriage, sex, etc) through the playing of games which will allow us to laugh but at the same time pass a message of what is the right or ideal way. |
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