- New Horizons in Management series
Edited by Alexander-Stamatios G. Antoniou and Cary L. Cooper
Chapter 15: The psychological effects of restructuring
Heraclitus pointed out that ‘Nothing is as constant as change.’ This statement remains true in modern times. Today it seems to be difficult to open a newspaper or watch television without encountering reports of mass layoffs. Hence, phenomena in restructuring and organizational change have become ever-present across Europe, as well as other parts of the world. In this chapter we aim to summarize the main psychological knowledge thus far with respect to the psychological processes related to reported consequences of restructuring, as well as individual and situational aspects that might play a role in dealing with change.
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