Product details

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Case
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Reference no. 9-298-046
Authors: Stuart C Gilson
Published by: Harvard Business Publishing
Originally published in: 1998
Version: 10 November 2004

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 'US-style' corporate downsizing practices including massive layoffs and asset sales.
Size:
USD4 billion revenues, 30,000 employees
Other setting(s):
1992-1993

About

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 'US-style' corporate downsizing practices including massive layoffs and asset sales.

Settings

Size:
USD4 billion revenues, 30,000 employees
Other setting(s):
1992-1993

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