RESTRUCTURING EXERCISE AT AN OIL AND GAS COMPANY

Abstract

RestructuringThe objectives of this paper are five-folds, namely (a) to investigate the awareness of management and employees about restructuring exercise, (b) to analyze whether the organizational restructuring has any impact on the employees’ performance and motivation at the Company, (c) to identify whether employees’ attitude will influence their motivation and job performance towards organizational restructuring, (d) to investigate to what extend organizational restructuring will influence on motivation level and job performance of employees at Oil and Gas Company, and last but not least to investigate the level of organizational commitment towards retaining and motivating employees to progress in their career after restructuring. The research questionnaires were distributed to 100 XYZ oil and gas company employees. Based on the analysis conducted in this study, the results show that the respondents agreed that organizational restructuring influence their motivation level and job performance level at workplace. The findings also shows that majority of employees at such Company agreed that manager was actively interested in their professional development and advancement and management often support them to develop new skills in order to adapt with organizational restructuring. As a conclusion, restructuring exercise did not directly give an impact on motivation and job performance of employees of such Company. The implication of the study is that organisations undertaking downsizing or restructuring need to consider the organisational culture and climate with regard to knowledge retention and the potential impact of these initiatives to ensure that employee experiences are constructive. Support strategies such as counselling and training are important, as are job redesign, time for employee handover and documentation of procedures, if knowledge retention is to be maximised.