FAG Kugelfischer : A German Restructuring Case Solution
This Case is about COMMUNICATION, CORPORATE COMMUNICATIONS, CORPORATE GOVERNANCE, CRISIS MANAGEMENT, DOWNSIZING, ECONOMY, INTERNATIONAL BUSINESS, MERGERS & ACQUISITIONS, OPERATIONS MANAGEMENT, ORGANIZATIONAL STRUCTURE, REORGANIZATION, STRATEGIC PLANNING
PUBLICATION DATE: March 12, 1998
Difficulties were faced by the German manufacturer of ball bearings due to the bad practices of the management, which was an acquisition of a former East German ball bearings business, and an industry downturn. The firm hires a German professional turnaround manager who in previous reversions of German companies has participated in “U.S.-fashion” corporate downsizing practices including huge layoffs and asset sales.
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