Layoffs may provide businesses short-term cost savings but with terrible consequences – low workforce morale, bad publicity and loss of talented employees. Experts show you how you can avoid layoffs, while still improving the bottom line.

By: Nestor E. Arellano

The economic downturn has had unfortunate consequences for the Canadian workforce so far. Statistics Canada recently reported 34,000 job losses last year.

Experts warn the worst may be yet to come.

In difficult times, cutting staff is sometimes a vital component of many successful restructuring efforts. 

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