The Dynamics of Downsizing: The Swedish Tobacco Monopoly in the 1920s
The aim of this article is to clarify and discuss the various ways firms can make workforce reductions. How do managers perceive the options for downsizing and why do they implement a particular mix of measures before another? These questions are addressed in relation to the downsizing process undertaken in the 1920s by the Swedish Tobacco Monopoly, a state-owned company that had to balance betwee
