In this brief article of mine, I will not mention names of company or individuals involved. Just something that can be seriously considered before laying off workers.
ABC company is a diversified business entity. So, comes one fine day when the Executive Commitee decided to lay off at least 500 nos. The MD was furious and told the members of the board - NO WAY...we won't have enough despite the members were saying "We can outsource certain services" (typical corporate excuse)
But of course, being the major shareholder and owner of the company, the MD has the final say. So he arranged for a special small convention to see ALL the workers, executives and senior executives - surprisingly together with their families.
The MD told them the truth of what's happening in their company and he gave everyone a choice, to leave with some gratuities/compensation or VSS or to stay on with less salary with one assurance; should the company 'goes up' again, they will be rewarded.
ALL the workers, execs and execs, DECIDED TO STAY! and WORK HARDER with little pay. Even the union known to reject also AGREED to stay.
In 6 months, the company profitted tripled and everyone was happy receiving their rewards as promised.
I'm sure I don't need to tell what's the morale of this true story. Imagine, a simple telling the truth would do to you.