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Post by arfankj4 on Mar 9, 2024 2:49:57 GMT -5
We want people to learn about the forces they unleash in the firm when they institute layoffs. We want to change the way layoffs are done. The Case Of The Malden Mills Mensch The case study that prompted the layoffs project Malden Mills describes how a leader handled a disastrous event destroyed three factory buildings at a textile company one of the largest employers in the already economically depressed town of Lawrence Massachusetts. Nobody died but some employees were displaced. Company president Aaron Feuerstein immediately announced plans to rebuild the company—and to keep all the displaced employees on the payroll in the meantime. The media hailed him as a mensch. But in making sure the new construction would meet the highest quality and liability standards Feuerstein ended up spending more money than he had. And the company went bankrupt. View Video A middle aged worker whose job was replaced by automation Poland Mobile Number List reflects on how the loss changed her life. As with many HBS classes Sucher s students shared differing opinions. Two thirds of them thought the guy was an idiot that he should have just sent the jobs to China where he was going to build a factory anyway or to Mexico where the costs would be much less Sucher recalls. The other third admired the guy for understanding the gravity of being a major employer with deep roots in the community.  A But Green and Rosales thought the conversation lacked a key element a consideration of how layoffs might have devastated the factory employees at Malden Mills. They saw it as a lack of empathy. They didn t seem to understand the impact that layoffs could have on families who didn t have a lot of resources at their disposal says Elana Silver now a talent development consultant at State Street a Boston based financial services company. For most of my classmates and for myself getting laid off would be a temporary hardship. |
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