FAG Kugelfischer: A German Restructuring
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| Title: | FAG Kugelfischer: A German Restructuring |
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| Description: | A large German manufacturer of ball bearings and precision machinery experiences severe financial difficulty brought on by poor management practices, an ill-conceived acquisition of a former East German ball-bearings company, and an industry recession. The company hires a German professional turnaround manager who in past turnarounds of German firms has engaged in'U.S.-style'corporate downsizing practices including massive layoffs and asset sales. |
| Authors: | Stuart C. Gilson |
| Resource Type: | eBook. |
| Categories: | BUSINESS & ECONOMICS / General |
| Database: | eBook Collection (EBSCOhost) |
| Abstract: | A large German manufacturer of ball bearings and precision machinery experiences severe financial difficulty brought on by poor management practices, an ill-conceived acquisition of a former East German ball-bearings company, and an industry recession. The company hires a German professional turnaround manager who in past turnarounds of German firms has engaged in'U.S.-style'corporate downsizing practices including massive layoffs and asset sales. |
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