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Scenario 1.2: HRM Challenges-A Mining Merger
Trimack Resources Inc. ,a Western Canada mining company,bought WestStar Mining,an Eastern Canada company.Ray Morrison,the CEO of Trimack Resources Inc.was focused on ensuring the new business revolved around how well the people side of the merger was handled.Ray felt that it was critical that the two businesses integrated their people.Morgan Grant,the CEO of WestStar Mining was focused on managing the complex financial issues of the merger.Morgan felt that it was critical that the financial reports were in order before they could move forward with their strategic plans.The new HRM department immediately began terminating employees when they noticed that there were several situations where two employees were doing the work of one position.
-Please refer to Scenario 1.2.What is this merger an example of?
Economic Depression
A prolonged period of significant decline in economic activity across a broad spectrum of the economy, marked by high unemployment and low production and consumption.
National Legislation
National legislation refers to laws and regulations enacted by a country's legislative body that apply throughout the entire nation, governing matters of national concern such as defense, economy, and civil rights.
Agricultural South
Refers to the region in the United States where agriculture, particularly the cultivation of crops like cotton and tobacco, was the dominant economic activity, especially in the period before the Civil War.
African Americans
A racial or ethnic group in the United States with ancestry primarily from sub-Saharan Africa.
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