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Corporate Downsizing
- INTRODUCTION -
Downsizing, restructuring, rightsizing, even a term as obscure as census
readjustment has been used to describe the plague that has been affecting
corporate America for years and has left many of its hardest working employees
without work. In the 1980's, twenty-five percent of middle management was
eliminated in the United States (Greenberg/Baron 582). In the 1990's, one
million managers of American corporations with salaries over $40,000 also lost
their jobs (Greenberg/Baron 582). In total, Fortune 500 companies have
eliminated 4.4 million positions since 1979 (Greenberg/Baron 627). Although
this downsizi ....
Word count: 1483 - Page count: 6
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