exclusivepapers.com
Sales Toll Free:
chat off
Home > Sample Essays > Economics > AIG/Chartis Company Workforce > Buy essay
← Economic Protectionism The Exchange Rate Policy in Argentina →
Live Chat

Custom AIG/Chartis Company Workforce essay paper writing service

Buy AIG/Chartis Company Workforce essay paper online

Introduction

In today's economy, many companies are retrenching off numerous workers to embrace technologies advances; however, other companies do this to keep in business through cost cutting. In business when large corporations swallow small ones, and especially when little companies borrow finances to compete big ones, this new acquisition is frequently broken up and sold off to clear the debt. This is one of the reasons that lead to downsizing and dismantling of AIG Company. AIG's iconic New York world headquarters had to be sold for condominiums, as the global insurer to downsize the work force.

Reason for downsizing

Chartis suffered a $2.4 billion net loss for the third quarter through flagship assets and casualty of American International Group (AIG). This led to the need of a two percent downsize of its workforce. These losses were contributed to the restructuring process and losses from sales of assets.

Challenges

Downsizing exercise is normally met with objection; stakeholders of Chartis/AIG also experienced this during the process. During the process, workers are unsettled and these affect their productivity. After the completion of the process employees morales ware down since some workmates make bonds which if affected reduces the work spirit. However, for continuity of the business the move was inevitable. Stakeholders gave benefits dues to the retrenched workers and give incentives to the remaining to boost their spirit. The process was successfully managed that is why Chartis is still in operation.

0
0
DAYS
:
0
0
HOURS
:
0
0
MINUTES
:
0
0
SECONDS
Discount Code
Order now

Chartis still faces instability with workforce since the remaining workers are always questioning stability of the company, and sustainability of their jobs.

Conclusion

Chartis has not fully overcome the challenges of downsizing; however, the management believes it was the only move they could undertake by then. Workforce downsizing affect the economy growth and should be the last option incase a company need to cut its cost.

Buy AIG/Chartis Company Workforce essay paper online

Buy essayHesitating

Related essays

  1. The Exchange Rate Policy in Argentina
  2. EC Problem Set
  3. Mergers and Acquisitions
  4. Economic Protectionism
  5. Free Trade Agreement
  6. Economic Protectionism
  7. InsectTech and Pest Control Ltd
  8. Infrastructure and Development
  9. Credit Cards
  10. Federal Trade Commission
What our customers say?
 
  • We accept:
  • Paypal
 
Thanksgiving2017
X