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How do large Australian and Swiss banks implement downsizing?

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  • Gandolfi, Franco

Abstract

Large Australian and Swiss banks have been trimming their workforces since the mid-1990s. With further rounds of downsizing activities predicted, this study sought to identify, examine, and compare the adopted organizational downsizing implementation strategies. The primary purpose of this cross-cultural study was to determine how large Australian and Swiss banks implemented downsizing in their most recent endeavors. The research has revealed three key findings. First, Australian banks primarily adopted workforce reduction strategies, whereas Swiss banks employed a mixture of organization redesign, workforce reduction, and systemic strategies. Second, Australian banks had considerable depth in their downsizing, whereas Swiss banks had more breadth in their overall strategies. Third, Australian banks favored reorientation approaches, whereas Swiss banks embraced reinforcement approaches. It remains unclear as to why large Australian and Swiss banks differed in the selection of implementation strategies and why they diverged in their overall approaches to downsizing. Further research is required to explore aspects that are likely to influence the adoption of downsizing strategies in both Australia and Switzerland.

Suggested Citation

  • Gandolfi, Franco, 2007. "How do large Australian and Swiss banks implement downsizing?," Journal of Management & Organization, Cambridge University Press, vol. 13(2), pages 145-159, June.
  • Handle: RePEc:cup:jomorg:v:13:y:2007:i:02:p:145-159_00
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    Cited by:

    1. Sunil J. Ramlall & Saleh Al-Sabaan & Samia Magbool, 2014. "Layoffs, Coping, and Commitment: Impact of Layoffs on Employees and Strategies Used in Coping with Layoffs," Journal of Management and Strategy, Journal of Management and Strategy, Sciedu Press, vol. 5(2), pages 25-30, May.
    2. Franco GANDOLFI & Magnus HANSSON, 2015. "A Global Perspective on the Non-Financial Consequences of Downsizing," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 16(2), pages 185-204, May.
    3. Franco GANDOLFI & Franco GANDOLFI, 2009. "Phases of Cost Cutting: Downsizing is Dead; Long Live the Downsizing Phenomenon," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 10(5), pages 864-876, December.

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