Human Resource Management System Reforms at Matsushita |
ICMR HOME | Case Studies Collection Please note: This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source. |
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Excerpts'Lifetime' Employment at Matsushita
Human Resource Management System ReformsIn the late 1990s, Matsushita was forced to restructure its liberal human resource policies due to Japan's worst ever economic recession in the 1990s and the Asian currency crisis of 1998.
Under Plan B, the recruits got lower salaries than in Plan A, but got additional benefits like company accommodation, stock options, free tickets to social events and more. In both the plans, employees had to forgo the retirement allowance (Refer Table I)... |
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