Personnel's role in a management buyout

Article Abstract:

Personnel department involvement is important during management buyouts, especially in maintaining the commitment of the work force. The experience of Premier Brands in taking over the Cadbury Schweppes food and beverages business in 1986 is used to illustrate the type of challenges in this type of endeavor. The main 'change' messages received by the new employees were that profitability had to be restored, that fixed assets were to be cut by sales or leasebacks, and that discretionary spending would be pared to the minimum. Employees responded favorably, and there was no backlash against Cadbury. Clarity of purpose and training activities are identified as two key factors in a successful change program.

Analysis, Mergers, acquisitions and divestments, Management buyouts, Human resource departments, Premier Brands Ltd.

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Harmonisation: the benefits and the lessons

Article Abstract:

Johnson and Johnson of the United Kingdom has established an industrial relations policy based upon the concept of 'single status' for all employees. The policy and its effects on the working staff at the pharmaceutical firm are discussed.

Pharmaceutical preparations, Labor relations, Johnson & Johnson, Great Britain

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