Hoist of Corporate Downsizing in India: A Theoretical Review

Abstract

India has spread red carpet for the entry of Multi National Companies, to prolong in the global market and for economic stability. This has been way forwarded the employment prospects in India. Meanwhile the tactic called "Corporate Downsizing” gets in progress by MNC's. Many of the literatures reporting that "Downsizing” as a form of corporate reconstruction or restructuring. In the perspective of the employer "downsizing” is a tactic to cut-down the overweight of the size of their company but in the employee's perception "downsizing” is an unusual weight loss of the typical size of the company. Most of the social researchers suggesting the successful downsizing of corporate companies have to be considering a well planned, people oriented and long-term approach which it facilitates the organization and employees to deal effectively with the negative consequences of the implementation of "downsizing”. This paper puts-forth the Reasons for the growth of downsizing, approaches for corporate downsizing, process, its effects and an outlook on recent corporate downsizing in India.