Retrenchment strategy has dictated the selling

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The CEO office has just called and left the following message: The retrenchment strategy has dictated the selling off of one of the divisions which will save 200 million dollars, which includes the 2,000 positions in that division. The personnel account still must save an additional $10,000,000 out of the remaining two divisions. However, you are to develop personnel action plans that may impact all 6,000 employees. How would you implement a plan to achieve reducing the personnel account by 10 million dollars? Outline your assumptions. Outline specific actions you are going to recommend.

Reference no: EM131033427

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