Human resource turnarounds: advice from the experts

Provides advice for human resource managers gathered from a panel of 24 turnaround managers. A turnaround is a situation in which a company has experienced a period of declining profits, high costs and/or inability to meet its financial obligations. Turnaround managers specialize in the turnaround of firms in financial decline. Presents the stages of a turnaround, human resource problems encountered in each stage, actions taken to correct the problems and advice for human resource managers.