Quotes on Restructuring Debt. Quotations
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"I think re-engineering or restructuring or downsizing or rightsizing or whatever you want to call it, it's basically firing, has gone way too far. Employees, as I've talked to them across the country, feel that they are not respected, they are not valued, they are worried about their jobs. They simply feel that the company is no longer loyal to them. Why should they be loyal to the company, they ask me. Why should I go the extra mile? Why should I care?"
"When benefits and costs of debt restructuring are considered jointly, it becomes apparent that the economic costs of debt restructuring – both the cost to the creditors and the employment impact – are offset in the medium term by more rapid output growth and higher hiring."
Jae Chung and Lev Ratnovski, "Benefits and Costs of Corporate Debt Restructuring: An Estimation for Korea.