French carmaker Renault recently acknowledged that its global ambitions had been unrealistic and it is going ahead with a restructuring exercise. According to a Reuters report, the automobile manufacturer is planning to cut about 15,000 jobs, shrink production and restructure French plants. Owing to the declining sales due to the coronavirus pandemic, the company announced…
The coronavirus pandemic isn’t only affecting people’s health and safety. It is also impacting people’s livelihoods as the virus hits the economy. The pandemic has brought the global economy to a halt. With restrictions on movement, nationwide lockdowns, and closure of businesses, the flow of money has become really slow. The virus has not only…
In last few months we have read about a number of companies that have initiated some kind of organisation restructuring or re-alignment leading to job redundancies and job cuts. While these situations are painful for people who get impacted , its not a great picture for the organisation either. Most of the time these decisions…