The number of staff restructuring processes has considerably increased worldwide in recent years, and their effects are increasingly dramatic. Furthermore, the global economic context is becoming more and more turbulent. All this poses a series of new challenges for firms that they will only be...

This paper presents the problem of workers lay off and loss along with their exit from the organization its key competencies - skills and knowledge. Importance of management of key competencies was described. The paper also presents outplacement as a way to maintain core competencies even during...