Han Schaminee is general manager Navigation and Automation at Wrtsil Voyage.
8:16
Restructuring operations can set a downward spiral in motion thats hard to recover from, posits Han Schaminee.
Recently, a friend forwarded me a (translated) letter a Finnish CEO had sent to his employees. The CEO reported some severe headwinds for the company, but he also emphasized he believed the most stupid thing he could do was to lay off people. The company had invested so many years in the competencies and team capabilities of these people that it would be silly to destroy these investments. He mentioned he planned to temporarily acquire different types of work for his staff to overcome the difficult time. My friend reported the company is doin…
Read the full article at: https://bits-chips.nl/artikel/the-hidden-costs-of-restructuring/