Business in Action 8th Edition by Courtland Bovee,John Thill

Exercise 4

Assume that you are the manager of human resources at a manufacturing company that employs about 500 people. A recent cyclical downturn in your industry has led to financial losses, and top management is talking about laying off workers. Several supervisors have come to you with creative ways of keeping employees on the payroll, such as sharing workers with other local companies. Why might you want to consider this option? What other options exist besides layoffs?