Key Take-aways

• 50% reduction in workforce without major issues
• Separated employees engaged and actively interviewing
• Culture and morale remain positive

Snapshot

The client organization was originally created to protect the families of Slovenian immigrants who predominantly worked in dangerous steel mills. They offered security for families at a time when life insurance and financial products weren’t easily accessible.

By 1909, the firm had grown from its 333 original members to over 10,000.  During World War II thousands of immigrants sought refuge in America. As many Slovenes started a new life in a new country, the firm offered solutions to members looking to protect their families and integrate into their communities.

Problem

November 2022, a referral/introduction was made to the firm from a long-term client of Felix.

The client would be losing almost 50% of it’s workforce due to new automation at the company.  The CEO wanted to explore the services available to assist his team members during their challenging, but necessary transition. He wanted to provide support to the outgoing employees as well as the remaining employees whose jobs were not affected. The biggest challenge was keeping the program confidential leading up to the implementation of the automation.