Organizational restructuring: four common pitfalls to avoid

  2015 was a difficult year for Canadians – with the price of oil plummeting organizations were forced to significantly downsize their workforce. All told it was estimated that over 100,000 jobs were lost across the Alberta oil fields. On top of this, some of Canada’s largest companies (Bombardier, TD, Scotiabank) undertook major organizational restructuring initiatives. The terms downsizing or restructuring generally refer to organizations reducing their operating costs through … [Read more...]