Given the current extraordinary economic conditions, many employers are looking to cut employee costs within their European work force. For companies considering a downsizing or work force reduction in Europe, the countless rules, regulations and timelines can at first seem daunting. This article gives an overview of the key steps and illustrates that while an understanding of the relevant national laws is important, it is often the collective labor relations aspects which are crucial to the smooth implementation of any restructuring plan.
Preparing for a Restructuring
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