When layoffs threaten
The profitability of production and the success of an enterprise depend on many factors. Sometimes a decline in key indicators leads a company to bankruptcy, and in this case management has to take emergency measures to increase the level of solvency, including through personnel optimization. The list of the most common measures includes shortening the working day and week. If such measures do not solve the problem, the company is declared bankrupt. In this case, it is necessary to carry out mass layoffs of employees.
