The Effects of Restructuring on the Working Power in Serbia

Abstract

Enterprise restructuring implies not only the issues of customizing companies with changing market
demands, but also fundamental changes that can comprise different areas of importance for an organization's business,
such as: changes in ownership, in the organizational structure, in human resources, in technology and in tenology, in
processes and in products. Serbia has not yet entered the "restructuring", although in the world of 80 and 90 years of
the last century it is called the restructuring period. In a significant number of large companies, with a large share in
employment, problems with efficiency in business have been identified. The lack of change through restructuring
processes brings Serbian companies to an increasingly difficult position in terms of market competitiveness and
competitiveness. These companies are not exclusively oriented towards market-viable business. The process of
restructuring in developed economies as a rule follows the loss of jobs and in modern business conditions, downsizing
is a strategy often used by many companies for the first time. This leads to unwanted social and psychological effects.
The paper will show the problems of late transition in the Serbian economy and the issues of the restructuring process
and the effects of the dismissal of the labor force. Also, the results of applying some models of restructuring
companies in the countries of Eastern and Western Europe will be presented.