1. Facts Case Study on Hi Fashion International Group- VIII Sunil Gandewar TriptiAgarwal VandnaKumari VibhutiBahuguna VikasGoyal VinkalSachdeva

2. Phase I :- Analyzing the Current Scenario Rapid Growth Not Profitable Cost Ineffectiveness Organization Structure Core Operation Function Young Organization Co-ordination Lot of Divisions

3. Phase II :- Alternate Solutions Integration Among Newly Reduced Divisions Other Companies (Designer) Alliance Organization Restructuring Challenges…??? Most Affected :-Employees

5. Responsibilities

6. Job Insecurity

7. Organization Culture

8. Compensation

9. Employee BenefitInternal V External Change Management…??

10. Restructuring and downsizing General Process Downsizing is reduction in the total number of employees Downsizing at decline phase Downsizing is done to reduce cost of operation Downsizing is done to conc. on core competencies Moving of operations such as manufacturing to lower-cost locations Closure weak business units Hi Fashion Reduction in Divisions and outsourcing of employees At Growth Phase To avoid mismanagement Core competencies are given away Entering into strategic alliance with other companies Downsizing across all units

11. Survivors reaction to downsizing Emotions, Psychological States and work attitude Anger Insecurity Perceived unfairness Anxiety Dissatisfaction Remorse Guilt Low Morale Uncertainty Stress Low org. commitment Behavioral Reactions Absenteeism Resistance to Change Turnover intention Less effort Risk Aversion Poor performance

12. Challenges -HR Streamlining of senior management Integration of operational units at each division Coordinating between the external & internal factors. Aligning company & HR strategy. HR complying with the business partners

13. Working with the company Building trust and faith amongst employees Job redesigning & training Employees shifted Ensuring employees same compensation and benefits in transit Fit into new work culture Contd……

14. Thank You…!!!!