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Making the decision of laying off workers is likely to affect both parties
Member rating: No Rating | Words: | Submitted: Mon Oct 10 2005
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How layoffs occur?? There is a company called Amiantit Oman and located in Rusail city. It is one of the famous companies in Oman and exports huge quantities of tanks to foreign countries. It was the first company producing Polyethylene water tanks in the Gulf. Last year another similar company entered the market offering the quality of tanks and with lower prices. At that time, Amiantit Oman got shock and started thinking to solve the problem. Since a number of its continuous customers shifted to that competitor, last year it received lower amounts of purchasing orders and decided to reduce production. In order to reduce production, it laid off approximately 200 of its Omani workers. A discussion, of how the layoff decision can affect the company and the laid off workers? and what are the potential solutions for tackling this problem?, is given below. Making the decision of laying off workers is...
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