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sub-prime crisis of the present day is now affecting the Asian economies and your organization is feeling the effects of slowing sales as well as rising raw materials cost. Downsizing is a real possibility and one of the most challenging aspects of human resources management. Discuss some of the approaches to use, and describe how you would go about downsizing 20% of your work force if you are eventually forced to do so.
Give an example of another organization where downsizing has evidently not benefited that company. Elaborate in detail.
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