Labor market, 9
Lacobucci, Terri Anne, 54
Lamonakis, Linda, 134
Lathem Time, 190–191
Layoffs, 151–172
from 1996 to 2001, 11–12
advance notice for, 158–159
alternatives to, 13–15, 29–31
announcement of possible, 209
benefits and consequences of, 78
choosing place and time for, 157–159
communication in, 155–156
cost/benefit estimates for, 89–90
damage control following, 166–168
determining combination of alternative work arrangements and, 102–104
emotional impact of, 155
employee view of, 163–166
getting back to business following, 190–192
keeping the door open following, 169–172
as last resort, 21
legal issues with, 159–162
long-term cost savings from, 81
long-term costs incurred in, 81–85
and one-on-one discussions, 159
percentage of work force affected by, 28–29
planning for, 77–85
press releases about, 167–168
real cost of, 226
sample speech announcing, 221–223
second round of, 53
senior leadership’s criteria for, 41–42
and severance packages, 164–166
short-term cost savings from, 78
short-term costs incurred in, 78–81
turning attention to survivors following, 162–163
what not to do in, 12–13See alsoSee also
Lincoln Electric, 182
Long-term cost savings, 226
Low-hanging fruit, 226
Loyalty:
of employees, 38, 182–183
to employees, 40