DOWNSIZING STRATEGY AND ORGANIZATIONAL RESILIENCE OF AEROSTRUCTURE MANUFACTURER IN MALAYSIA: THE COVID - 19 ERA PERSPECTIVE
Keywords:Downsizing, Workforce reduction, Adaptive capacity, Flexibility, Organizational resilience, COVID-19
This work seeks to establish the relationship between downsizing strategies and organizational resilience of Aerostructure Manufacturer in Malaysia known as Company CAC during pandemic COVID-19 perspective. This study commenced during the COVID-19 pandemic which made the study relevant to the present times. More specifically, this study aims to identify the downsizing strategy and the effectiveness for the organization to remain resilience. The quantitative data are used as main source of analysis and supporting by secondary source such as publish company annual report and articles from media. SPSS method is used to analyze data gathered from a survey of executives and higher are part of the respondent. This paper will present an effective tools for downsizing strategy in businesses and how it affect an organizational resilience. It is will be an additional data and knowledge for the company about dealing with distress problems and how to gets through it to the corporate turnaround stage.