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Laying off workers is not simple


Published April 11, 2021, 8:30 AM
During hard times, like this prolonged pandemic, when businesses are literally squeezed from all fronts, downsizing is one alternative to ensure survival. Management has to make very hard decisions for their human capital, shareholders, clients, and corporate survival. And in any downsizing, the number one casualty is people. 
Already, thousands if not millions of workers were laid off and still many are getting retrenched in this continuing pandemic. The goal of downsizing is to save on payroll cost. It is an emotionally charged process.
Atty. Ranulfo P. Payos, the country’s professional human resources management expert in his presentation during the webinar on “Labor Market: Downsizing for the Right Reasons” for the German Chamber of Commerce and Industry, stressed that downsizing is allowed by law, but it is not simple. ....

Ranulfop Payos , German Chamber , ஜெர்மன் அறை ,