Skip to main content

HR aspects of a take-over: part 2; running it into the ground

Buy Article:

$46.50 plus tax (Refund Policy)

Abstract:

The second in a series of three articles dealing with the human resources aspects of mergers and acquisitions, with reference to a particular transaction in the international financial services sector - the purchase of most of the businesses of Royal Trustco by the Royal Bank of Canada. Describes the human resources challenges which emerged in a business which was not wanted by the acquiring organization and was therefore left out of the deal and wound down. Also describes key responses to these challenges: open communication of the business plan (including the manpower plan), innovative performance management and reward systems and unconventional approaches to redundancy planning. Considers that the learning points summarized in the article can be applied in other wind-down situations where stakeholders' investment is at risk.

Keywords: Mergers and acquisitions; Performance appraisal; Redundancy; Rewards

Document Type: Research Article

DOI: https://doi.org/10.1108/13620439710173643

Publication date: 1997-07-01

More about this publication?
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more