Examlex
How many countries are in the European Union?
Downsizing Strategy
A business strategy involving the reduction of a company's workforce in order to cut costs and improve efficiency or profitability.
Voluntary Severance
An option allowing employees to choose to leave their positions in exchange for a pre-determined compensation package.
Work Redesign
The process of altering jobs and work processes to improve employee satisfaction and productivity.
Automation
The shift toward converting work that was traditionally done by hand to being completed by mechanical or electronic devices.
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