Work Force Restructuring in Germany

Jun 21, 2016, 04:34 ET from Buse Heberer Fromm Law Firm

FRANKFURT, Germany, June 21, 2016 /PRNewswire/ --

Labor law is a critical success factor in restructuring companies and corporate transactions. 

According to a study, the three most important reasons why restructurings and transactions fail are: Lack of experience in transactional and crisis situations (64% of the respondents), too much ambition (40% of the respondents) and (reportedly) lack of room to maneuver (36% of the respondents). Restructurings and transactions should not be insurmountable obstacles for companies. Whether under external pressure (globalization, cutthroat competition, company crisis) or by internal insight (preventive restructuring as a strategy for growth): Many companies recognize that great competitive advantages can be achieved through projects aimed at increasing productivity and reducing HR costs. For example, potential savings of 20% or more within a few months are realistic and can be planned.

Therefore, project management with regard to labor law is crucial. In this respect, a three-step approach can help…

Dr. Jan Tibor Lelley 

LL.M. (Suffolk University Law School)

Rechtsanwalt, Fachanwalt für Arbeitsrecht

Location: London, Frankfurt am Main, Essen
Contact:+49-201-1758-0 ·

SOURCE Buse Heberer Fromm Law Firm