workforce optimisationstandard delayeringrestructuringre-engineeringresource rationalisationdownsizingvoluntary separation Why don’t companies call a spade a spade and just say that they are laying off people, rather than attach fancy labels to such exercises? Related posts:A new kind of retrenchmentHow the ax falls, Filipino-styleTop 10 buzzwords in 2009
From “Low-priced Nano taps into Indians’ aspirations“, The Christian Science Monitor:That could be problematic for the company, which made some big-ticket purchases – including the troubled Jaguar and Land Rover brands – during the height of the economic boom. The company also failed to get many Nanos off the assembly line before launch, thanks to… Read More »
In his recent Value Driven column (“Chris Dodd Wants to scrap Your Bonus“, FORTUNE magazine, March 16), Geoff Colvin argued that the proposed tough new limits on Wall Street bonuses in the US stimulus package will “inadvertently reward nonperformance and drive talented financiers away from the companies that need them most”. Ignoring the simplistic examples… Read More »
Unless you have been hiding under a rock for the last couple of weeks (not necessarily a bad thing, given the circumstances), you would have come across the following buzzwords (in no particular order) that will dominate news headlines in the months to come: 1. economic tsunami2. layoff3. AIG = arrogance, incompetence and greed4. stimulus… Read More »
Citigroup’s shares rallied last week, on the back of CEO Vikram Pandit’s “leaked memo” reassurring his troops that “we are profitable through the first two months of 2009 and are having our best quarter-to-date performance since the third quarter of 2007”. Shares of the financial services provider have been under constant pressure since its bailout… Read More »
Oh dear, Michael O’Leary has done it again. In yet another move destined to alienate customers, the Ryanair boss told BBC that he was considering fitting coin slots to the toilet doors of his aircraft. This measure, he said, would oblige customers to “spend a pound to spend a penny”. What’s next? Coin slots on… Read More »