Business Ethics and Speedy Motors
...ties. It would create goodwill in the closing and hiring already trained persons could cut cost in the long run. This may involve a move on the employees' part, but at least they would have the opportunity to keep their tenor with SMC. Depending on the contract signed by each employee, a severance may be in order. Also, setting up a short term employment office might be a good idea to get jobs for employees that cannot be relocated. Stakeholder can be defined as "everyone with an interest (or "stake") in what the entity does". (Stakeholder, n.d.) That includes not only its vendors, employees, and customers, but even "members of a community where its offices or factory may affect the local economy or environment." (Free Definition, 2004). This definition clearly states all of the affected stakeholders. This closing would most definitely affect the entire community as the plant has been open and running in this city for over 20 years. Attempting to place as many employees as possible at other plants across the nation would be the best way to help the employees as stakeholders. That considered with severance and 60 days notice, more than necessary had been done in keeping the stakeholders' interests in mind. The primary responsibility would have to fall on the corporation as a whole. What other options they contemplated before deciding to close the plant cannot be known at this point, but there had to be some sort of "work around" that could have been attempted. Advertising or maybe an incentive plan for the employee to work harder or faster would be some of the plans that could have been tried first. To communicate to the workers, press, and community the news of the shutdown, several meetings with the District Director (or equivalent) to explain the situation would need to be held. The District Director would need to set up a meeting with all the department heads. At this point, the District Director would personally explain the situation to each of the department heads. Then the department heads would schedule a meeting with each of their departments. After all of...