[Excerpt] In today’s competitive environment, companies from time-to-time have to go through major global workforce restructurings and layoffs in order to adapt to evolving market conditions. For the successful implementation of such measures, it is imperative to have a good understanding of the critical factors involved in them. Baker & McKenzie has substantial experience in dealing with transnational workforce restructurings and layoffs.With this summary, we would like to share our experiences with you in order to help you succeed in any restructuring efforts you might undertake.