دانلود کتاب رهبری منابع انسانی در طول ورشکستگی و تغییرات سازمانی

I started writing this book in 2019 after my firsthand experience with a corporate bankruptcy. The 2020 figures highlighted in my Introduction chapter have eclipsed the 2019 figures I had originally utilized. Little did any of us know how the global pandemic would impact companies, forcing many into bankruptcies. In 2020, according to S&P Global Market Intelligence, U.S. corporate bankruptcies reached their worst levels in 10 years with a total of 630 companies declaring bankruptcy in 2020. This surpassed the number of filings in every year since 2010 (Irum 2021). With the destabilization in the economy, the loss of jobs, and with much of the country in quarantine it is no surprise that 125 of the 630 companies were in the consumer discretionary sector. These include companies that provide services that are considered nonessential. These include retail, fast food, entertainment, etc. In 2019, at the time my organization, Aceto Corporation and its generic pharmaceutical subsidiary Rising Pharmaceuticals, was completing its bankruptcy, the first half of that year saw close to 200 new Chap. 11 filings according to Reorg First Day. The large majority of these filings (36%) came from the consumer discretionary and healthcare sectors. Half of the consumer discretionary filings were from the retail sector, with more consumers choosing internet shopping over brick and mortar as the major reason for the uptick. In the healthcare sector, filings by pharmaceutical companies, of which my company was a part, for the six months of 2019 were higher than all the filings in 2016, 2017, and 2018 combined, and accounted for one-third of all the filings in the sector. Chapters 11 and 7, reorganization, 363…these words, this jargon…and more became the new language for me over the last year as my organization came to the realization that bankruptcy was our only path forward. This was our new reality, and understanding it all was a crash course. As the head of human resources you can imagine my concern when we started to discuss the real possibility of bankruptcy, which occurred around November 2018, midway through the company’s strategic alternative discussions. In April 2018, our Board of Directors decided to pursue what they referred to as “strategic alternatives,” which at the time meant reviewing the sale of a division or more; maybe even the entire company.