Siddhant- A Journal of Decision Making

Organizational restructuring is the process of change of ownership or structural transformation of an organization through merger, take over and disinvestment for survival. After change of ownership, the new management should think about the workforce with respect to profit incurred by the organization. Organizational success after change of management depends on speed in decision making, greater flexibility, the dynamic nature of the roles and role relationship, cross functional integration, team based processes, thrust on innovation and all round emphasis on delivery of results. Human resource issues are influencing the success and stability of business in terms of profitability, survival, competitiveness, adaptability and flexibility. After restructuring of TTPS, the management had given extensive focus on value-based HR processes for development of people and contribution towards organizational excellence. Several measures have taken towards individual development such as: performance appraisal, training initiatives, and career development prospect. As a result of those measures, performance of the organization has improved significantly and employees became more committed towards organizational goal. The new work atmosphere along with emphasis on individual development has created a motivated workforce in the organization which has turned the loss-making unit into a profit-making one within a few years of time.