Managing Divestiture And Downsizing
P H A R M A C E U T I C A L S

The Challenge

A large pharmaceutical company made a strategic decision to divest one of its product lines. The sale would result in a downsizing of two separate facilities. More than 200 people were employed in the departments slated to be closed.

The Solution

SkillSolutions™ enabled management to identify the skills and competencies that were needed elsewhere in the company. Then management worked with the employees at risk in order to identify their competencies as compared to the company's needs. Employees were given the opportunity to transform their skill profiles and employment prospects within the company by training for high-priority company needs. More than 80% of those who desired to stay with the firm were able to transfer their skills and expertise and continue employment with the company. SkillSolutions™, the Resource PowerTool, was crucial throughout the process.