journal£ºAdvances in Business Strategy and Competitive Advantage
Authors£ºJes¨²s Manuel Palma-Ruiz (Universidad Aut¨®noma de Chihuahua, Mexico), Ismael Barros-Contreras (Universidad Austral de Chile, Chile) and Luca Gnan (University of Rome "Tor Vergata", Italy)
Published date£º2020
DOI£º10.4018/978-1-7998-2269-1
Article link£ºhttp://dx.doi.org/10.4018/978-1-7998-2269-1
Article Source£ºIGI Global
Remark£ºNeed for reviewing and answering this question :
"A reputed company manufacturing gas cylinders and iron containers for packaging diversified its operations in 1990 investing a huge amount in a wagon manufacturing factory. Presently company is suffering from high cost structure, accumulating losses, shortage of liquid funds and large size of work force including engineers and managers. Management¡¯s proposed to reduce work force, wage cuts, and freezing of DA, which are not acceptable to the labour union as a result of which five of its packaging units are shut down in the year 2019. Packaging factories require to be opened immediately for reviving the business of the company which depends upon cost reduction by reducing excess work force. Attempt was made by a large company to take over the five closed packaging units, which ultimately failed. What would be your advice to the company in the light of the strategic management." , with inputs from this paper .
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