When a company goes into crisis, the first and most typical response is the dismissal of people, even before considering the sources of the decline. Although the reduction of costs may seem a quick and reasonable measure in this context, downsizing is not the only possibility, nor the most...

The influence of national institutions, particularly employee representation, on managers’ turnaround strategies remains largely unexplored in the literature. Therefore, this paper assesses the pressures that affected two European airline companies, British Airways (BA) and Iberia, and their...