PwC: Layoffs should be companies' last resort in times of crisisPublish date: 04-12-2008
Companies can choose from at least five ways of slashing labour costs before resorting to layoffs, considers Ruxandra Stoian, a HR consulting services manager with PricewaterhouseCoopers (PwC) Romania.
Layoffs should be the last option on employers' list, which should be resorted to after all the other options have been used. In recent months, several companies have announced massive layoffs as a result of the falling orders from international markets.
Industrial and automotive firms have operated the broadest layoffs. Stoian says that it is during these times that the role of HR people becomes essential, as they have to come up with alternative solutions for the company, before collective layoffs become the last choice.
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