Turnaround Solutions

Turnaround Solutions

The Declaration of the Presidential Jobs summit (October, 1998) outlined a Turnaround Solutions Programme that aims, where possible to prevent job losses or a decline in employment. It seeks to actively manage retrenchments and reduce their effects on individuals, enterprises and local economics.

The specific aims of the Programme are to:

• Avoid and prevent job losses;
• Manage the retrenchment process, where job losses are unavoidable;
• Integrate retrenched persons into the mainstream economy, where possible.

The Turnaround Solutions Programme identifies jobs that can be saved and institutes processes to enable those rescues. The Programme is generally applied in companies, with +-50 or more employees, facing the threat of large scale retrenchments.