Reference no: EM131924633

Your family run business, Seafood Treats, has been manufacturing high quality fish products and dried feline foods in Halifax, NS since 1974. With the recent retirement of your father, you have been appointed as CEO and while you worked in the business, it was only for a few years while you attended university for your BBA degree. Within weeks of assuming the lead role, you decide that the increased competitive pressure in the industry necessitates a complete restructuring. Presently, your 180 line workers are unionized and they are worried about job losses and your lack of business experience. You are now tasked with preparing a 1-2 page brief to stakeholders on your decisions. The provincial government, due to a recent loan, presently maintains an equity stake of approximately 15% of the company’s shares which complicates things because you need their approval to make any substantial changes to structure or job cuts. The brief outlines what management structure would you propose and why, how you would maximize efficiency in the company’s production, how you would motivate employees during and after the change, and the key points to consider in the change to the new structure.