discussion

LAYOFFS: 

As you know, right after Thanksgiving Holiday (November 26, 2018), General Motors (GM) announced that it would close five manufacturing facilities and lay off around 15,000 workers. According to the Washington Post, these closings and layoffs will help them save about $6 billion each year as they shrink their management ranks while terminating the employment of some American and Canadian production workers (Lynch and Telfor, 2018).

While some workers today feel that immigration is a threat to their jobs, many are ignoring the danger of automation, which has greatly increased output and productivity in the developed economies. What are your thoughts?

DIRECTIONS: 

This bonus quiz is worth up to 5 points (5% of total course grade), supplementing the mid-term exam grades. Comprehensively answer the following areas regarding layoffs and the role of human resources in this process. Your total answers can be about 2-3 pages (single-spaced)…more pages are okay. Save the Word file with your “first and last names - Bonus Quiz”.

1. Purpose / Rationale for Layoffs: its Pros and Cons

2. Impact of Layoffs on People: 

3. The Role of HR in Layoffs: 

Reference: 

·  Lynch, D. J. and Telford, T. (November 26, 2018). GM layoffs and plant shutdowns suggest U.S. economy may be starting to slow — and dent Trump’s claim of an industrial renaissance. The Washington Post. Link: https://www.washingtonpost.com/business/economy/gm-layoffs-and-plant-shutdowns-suggest-us-economy-may-be-starting-to-slow--and-dent-trumps-claim-of-an-industrial-renaissance/2018/11/26/39533566-f1ba-11e8-80d0-f7e1948d55f4_story.html?noredirect=on&utm_term=.a1b996cb575d (Links to an external site.)Links to an external site.