phil186-essay-Reducing the Effects of Downsizing (Rewrite)

phil186-essay-Reducing the Effects of Downsizing (Rewrite)...

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Reducing the Effects of Downsizing (Rewrite) Downsizing is a common business practice that has a negative connotation. There are reasons why that is the case. First, employees who fall victims to this form of mass layoff face dire consequences that often leads to psychological effects as John Orlando has mentioned in “The Ethics of Corporate Downsizing”. Second, as he also pointed out, employees generally ex- perience a decline in earnings and ruin communities. But Orlando fails to mention other reasons that could hurt the employee. Employees rely on their employer to provide them health insur- ance. For instance, if an employee finds out that they have a curable disease after being em- ployed for several years and suddenly loses their job, it may be difficult to have continued health care coverage that would eventually cure him or her. Although there are some health insurance programs that gives a person access to coverage after losing a job, it may be limited and not guaranteed. Other moral issues with downsizing occurs when high management are grossly over- paid in the expense of employees while claiming it is necessary to improve profits. In this case, it is clearly morally wrong to downsize when executives are widening their coffers without regard to the consequences of employees losing their jobs. Although these reasons are horrific, we can look at one reason for downsizing that is justifiable. I agree with Orlando’s position that downs - izing is morally wrong due to the reasons I’ve mentioned, but the practice could be justifiable when the organization has committed to help former employees who have lost their jobs and when a strategy is put in place. The author points to many statistical findings that suggest downsizing is harmful to those who have lost their jobs, These statistics mention that attempted suicides, employees losing their homes, and putting communities into ruins as a result of being downsized. However, the author fails to mention whether these corporations who downsize did anything to help their former em-
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ployees transition to another job. Perhaps, if they help them find another job or give them train- ing and counseling, it would lessen the blow of losing their job. For example, the quicker an em- ployee finds a job, he or she will increase the chances of not having to wait longer than they should for health insurance coverage. It seems to be when a corporation decides to downsize, they should behave morally and do the right thing, which is to help their former employees to get another job and be able to be- come productive citizens again. In one perspective, this act of kindness may be too generous and may be an insufficient use of resources; however, shareholders could agree that it is the right thing to do. We can understand this further by the utilitarianism moral theory, which states that the corporation should always act to produce the greatest possible balance of good over bad for everyone affected by their actions. In this context, if the corporation takes the time and effort to
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phil186-essay-Reducing the Effects of Downsizing (Rewrite)...

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