Asian Journal of Management

R. P. Das ¹, S. M. Das ²

Affiliations
1 Pt. Ravishankar Shukla University, Raipur (CG), IN
2 DRIEMS, Cuttack, Odisha, IN

Abstract

In economics, a recession is a business cycle contraction, a general slowdown in economic activity. It is a period of general economic decline; which is typically defined as a decline in GDP for two or more consecutive quarters. Recession as a business cycle is generally considered less severe than a depression, and if it continues long enough, then sometimes it is classified as a depression. It is typically accompanied by a drop in the stock market and has many attributes that can occur simultaneously which includes decline in consumption, investment, government spending etc.

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R. P. Das ¹, S. M. Das ²

Affiliations
1 Pt. Ravi Shankar Shukla University, Raipur (C.G.), IN
2 DRIEMS, Cuttack, Odisha, IN

Abstract

A strong trend since the mid-1980s has been called restructuring, downsizing or more euphemistically, rightsizing in which organizations cut their labour by reducing of the size of their permanent full time staff (Fisher, Schoenfeldt and Shaw, 2004, P.744). In the organizational restructuring process, the very employees, who are store houses of knowledge and experience and used to bring competitive advantages to organizations, are suddenly becoming burden on them Das and Das (2009). Present study was conducted in an organization which is involved in public utility services after independence to examine whether human considerations are considered when it was undergoing its organizational restructuring activities.

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