Restructuring as a recipe for minimizing the scale of layoffs
The restructuring process raises concerns for both employers and employees. However, restructuring should be viewed in terms of a remedial process aimed at improving the company’s situation.
In the event of financial problems, the key is to react immediately, resulting in a decision to restructure. It allows for the development of a restructuring plan proposing various solutions to restore the company’s stable position. The said stabilization is ensured by a regulated financial situation and an adequate number of qualified employees.