How some North Carolina businesses are handling downturn — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
  • LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

How some North Carolina businesses are handling downturn

Get PDF file

by on
in Human Resources

At Martin Marietta Materials, 300 employees were laid off from the gravel and rock supplier in 2008. Caterpillar, the heavy equipment company, used temporary layoffs to cut costs. Cisco Systems, the global information technology company, did a holiday shutdown in late 2008 to save money.

Final note: There may be creative ways for your company to cut costs without resorting to layoffs or early retirement incentives. Employees may be eager to help save their jobs and aren’t likely to balk when you cut down on travel, holiday parties and other expensive benefits.
 

Leave a Comment

Previous post:

Next post: