Impact of Corporate Restructuring on Employee Reward and Recognition: A Case Study of Sun Pharmaceuticals & Ranbaxy Laboratories

2019 ◽  
Author(s):  
Neha Mareja ◽  
Vaishali Sharma
2015 ◽  
Vol 23 (6) ◽  
pp. 12-14 ◽  

Purpose – Analyzes the restructuring approach followed by the highly-profitable Telefónica in its 2011 redundancy plan. Explores unions’ response to management strategy. Design/methodology/approach – Follows a case-study approach, constructing a dataset with information from company reports, committee records, union documents, press releases and other available sources, such as specialized journals and newspapers. Findings – Tries to show how massive job cuts have been implemented through a labor-mediated downsizing strategy that mitigates disagreement and industrial conflict. Originality/value – Tackles the question of how unions respond to corporate restructuring (involving downsizing) in countries where industrial-relations institutions remain relatively strongly embedded.


2015 ◽  
Vol 37 (1) ◽  
pp. 83-101 ◽  
Author(s):  
Óscar Rodríguez-Ruiz

Purpose – The purpose of this paper is to analyze the restructuring approach followed by the highly profitable Telefónica in its 2011 redundancy plan, and explores unions’ response to management strategy. Design/methodology/approach – The research follows a case study approach constructing a dataset with information from company reports, committee records, union documents, press releases, and other available sources such as specialized journals and newspapers. Findings – Specifically this case study tries to show how massive job cuts have been implemented through a labour-mediated downsizing strategy that mitigates contestation and industrial conflict. Originality/value – The paper tackles the relevant question of how unions respond to corporate restructuring (involving downsizing) in countries where industrial relations institutions remain relatively strongly embedded and proactive.


2021 ◽  
Vol 64 (4) ◽  
pp. 425-454
Author(s):  
Svetlana Jacquesson

Abstract In this article I focus on the importance of folklore archives in staking heritage claims and in disputes over cultural “ownership.” I use as a case study the Manas epic which is shared by post-Soviet Kyrgyzstan and China’s Kyrgyz minority. By analyzing the actors who took part in the transcription of the epic, the conditions under which these transcriptions were conducted, and the results they yielded, I show how, in the case of Kyrgyzstan, turning the epic from an oral tradition into a literary monument that could be claimed as national heritage was a long story of suffering and coercion, aspirations for reward and recognition, disaccords between holders of official authority and subordinates, and never-ending personal conflicts, all under the constantly looming threat of political repression. I contrast the uses of collections of transcripts under Soviet rule and in the post-independence period which overlapped with the UNESCO-driven heritage rush worldwide. I argue that while under Soviet rule the transcripts of the epic were “raw data” which editors, translators and scholars could bend according to their needs or their expertise, after independence these transcripts have been used both as a means of authenticating the epic and claiming it as heritage. I conceptualize this process as the “transvaluation” of folklore archives, or a process in which transcripts were turned into valuable historical artefacts by downplaying the agencies involved in their production and the circumstances under which it took place.


2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Felix Bernhard Fischer

Abstract Economists have examined the rise of so-called zombie firms in recent years. Such firms remain in financial distress for a prolonged period while financial creditors keep them alive through continued lending. Based on signaling theory, we investigate zombie firms in the context of corporate restructuring and relationship banking. Combining a theoretical approach with a multiple case study on German medium-sized firms facing private workouts, we derive the following main propositions: (i) Banks face information asymmetry and may have incentives for loan extension (i.e., rescheduled installments and additional collateral) when deciding about restructuring financing. In the case of financing unviable restructuring strategies, this can lead to the emergence of zombie firms. (ii) For this reason and in contrast to recent research, not only weakly capitalized but also healthy banks may face such incentives and might end up in financing zombie firms. (iii) Relationship banking reduces bank information asymmetry. Thus, it may enable banks to detect clients’ distress situations in the early stages and to support resolving them. Hence, guiding and inspecting banks (i.e., credit guidance) to carry out supportive relationship banking might be a key to preventing the emergence of zombie firms. The propositions bear several implications relevant to academic research, bank management and banking regulation.


Think India ◽  
2016 ◽  
Vol 19 (3) ◽  
pp. 22-28
Author(s):  
Radhagobinda Basak

Corporate restructuring decisions (demerger, etc.) are taken to enhance sustainability. Sustainability is enhanced if some more value for the stakeholders can be generated. Traditional measures like return on investment (ROI) can highlight short run sustainability well. But, to indicate long run sustainability, we need modern measures like economic value added (EVA). The present study highlights whether corporate restructuring through demerger adds value for the stakeholders. For this purpose, the demerger of Unilever India Exports Limited from Hindustan Unilever Limited has been taken as a case study. Hindustan Unilever Limited (HUL) demerged its fast moving consumer goods (FMCG) exports business into a wholly owned subsidiary Unilever India Exports Limited (UIEL) with effect from 1st April 2011. In this study, financial performance of HUL has been measured in pre and post demerger period respectively. Then performance of UIEL has also been measured after its incorporation. Performance has been measured under traditional and modern approach both. Finally a comparative analysis has been done between the performances in pre and post demerger period. On the basis of the comparative analysis it has been concluded that the demerger of UIEL is a value generating demerger.    


Author(s):  
Arshad Ahmad ◽  
Aadil Ali ◽  
John VanMaaren ◽  
Janette Barrington ◽  
Olivia Merritt ◽  
...  

This case study discusses the implementation of Healey, Flint, and Harrington's (2014) model of student engagement through partnership with staff. Healey et al. (2014) identify issues associated with “putting partnership into practice” including inclusivity and scale, power relations, reward and recognition, transition and sustainability, and identity. Faculty, staff, and students participating in a Students as Partners (SaP) Program at McMaster University’s MacPherson Institute encountered these issues during a Scholarship of Teaching and Learning (SOTL) project. This paper explores our reflections and suggests refinements related to the above five issues. It concludes by identifying possible new directions for SaP programs.


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