...) of both those managers and employees who chose to transfer to the IBC factory and those who elected to remain with the company during the production run‐down period leading to plant closure. A guide to good downsizing management practice has been developed by Mishra et al. (1998...

...Marc J. Schniederjans; James J. Hoffman One strategy that has been used extensively to cut operation costs is downsizing, a planned reduction in a firm’s work force. Downsizing must be based on a thorough analysis of the firm’s prioritized opportunities and their limited economic resources...