We are experiencing an unexpected and unusual crisis worldwide. At a relatively undisturbed and peaceful moment in human history, we have encountered a surprise “war”. The consequence? Months of confinement, hundreds of thousands of deaths and a worldwide economic reorganization.
Faced with this scenario, most Spanish companies will have to adjust their expenses to their potential income, taking into account in this equation the possible slowdown in the recovery - low consumption levels, a fall in the tourism sector, an increase in public spending and the impact on the balance of payments - in addition to the uncertainty of a risky tax reform.
Thus, there are many steering committees that already the possibility of undertaking deep restructuring is being considered, beyond the transitory ERTES. Therefore, when analyzing this possible decision, we must take into account a series of consequences that Not only do they have a tangible impact, but they also affect reputational level.
But what impact do the layoffs have on the income statement? How does a restructuring affect the company? How should we deal with separation?
“In the event of layoffs, we must undertake them thinking of people with the greatest professionalism, common sense and ethics possible. We must be aware that the decision on terminations must be holistic, but also bear in mind that what will differentiate us, as leaders, is our humanity, our ethics and responsibility.