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Assignment 2: lasa 1: overseas assignments, acquisitions and

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Assignment 2: lasa 1: overseas assignments, acquisitions and BANKS Industries is a manufacturing company located in Centervale. A U.S.-based organization, BANKS’s major product line is electronics components. BANKS has just over 200 employees at their main plant in Centervale, but has recently acquired a new subsidiary in China. This acquisition adds close to 100 employees and their expertise in a new line of personal computing devices. BANKS expects these devices to give them a competitive advantage in their market. BANKS started out as a family-owned organization that has a relatively flat organizational structure. After 15 years of being in business, BANKS continues to be family-owned and has acquired several small companies in the U.S. The acquisition of the Chinese company, which has now been renamed BANKS Components, is the first acquisition outside U.S. borders. At this point, the acquisition is official and the company is in the process of taking over the operations of the plant in China. All employees have been retained, although turnover and some expansion are anticipated in the near future. Employees in both locations are feeling uneasy regarding potential changes, and some reorganization is going to be necessary. During the acquisition, some key employees of the Chinese company left the organization out of fear that their positions would be eliminated. This has left some upper management and director-level positions vacant, adding to the challenges that BANKS is currently facing. As the HR manager, you report directly to the owner-president of BANKS Industries. You have a relatively small staff working under you, leaving you to make the majority of the HR recommendations and decisions on your own. You have been charged with identifying some of the challenges and issues in this new endeavor, making recommendations for action, working with employees, and several other tasks related to the acquisition. Overseas Assignments, Acquisition

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