Details major reforms at EMI, including a significant cut in the number of employees, following a private‐equity‐firm buy‐out.
Focuses on how consultancy firm Penna worked with EMI to implement a “cost‐down, talent‐up” approach, which focuses on not only retaining existing key employees but also introducing new talent to lead the business while cutting costs.
Stresses the importance of setting the right goals, restructuring at pace and integrating talent management. Reveals that EMI is now firmly on track to deliver the £200 million savings it had sought before reorganization.
Argues that employers and HR teams must work to retain the core values embedded in the employer brand, not only when recruiting but also when making redundancies.
Spotlights the direct effect on a well‐known company of a major change in social customs – the way in which recorded music is distributed.
Highlights how businesses must think carefully about their survival strategies, as cost cutting alone is rarely enough.
