An
entire industry of consultants has sprung up to advise companies
considering plant closings. No doubt the Trans-Pacific Partnership will
give a big boost to the bottom line of this industry which got off the
ground with NAFTA.
Some of the things they advise their clients on are:
Plant closing objectives
Pre-closing considerations
Schedule considerations
Budget considerations
Who knows what and when about the planned plant closure
Staffing considerations
Environmental considerations
Asset disposal considerations (the most detailed section)
Legal issues
Document retention
Raw materials, finished products, work in process
Relocation considerations
Engineering issues
Demolition considerations
Safety and risk management issues
Hidden values
Real estate issues
Bankruptcy: a special kind of plant closure
Suggestions
Do you think your future is part of their consideration?