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Ethics In Closing A Company - Example Papers

Ethics In Closing A Company

Question 2

Shokun Steel Co. owns many steel plants. One of its plants is much older than the others. Equipment at the old plant is outdated and inefficient, and the costs of production at that plant are now twice as high as at any of Shokun's other plants. Shokun cannot increase the price of its steel because of competition, both domestic and international. The plant is located in Twin Firs, PA that has a population of about 45,000 and currently employees over a thousand workers. Shokun is contemplating whether to close the plant. What factors should the firm consider in making its decision? Will the firm violate any ethical duties if it closes the plant? Analyze these questions ...

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plant will close in the near future anyway. The company may almost be said to be doing a favor for the workers, perhaps, in ensuring that they will find more stable employment in the near future, working for another plant.
Also, if the company folds, even more workers from Shokun’s more productive factories will lose their jobs. Again, from a utilitarian perspective, Shokun has a responsibility as a company to maximize its profits for the greatest possible good, to the shareholders in the company, to the steel-buying American public, and also to its workers as a collective entity, rather than simply focusing on the thousand or so workers in jeopardy of losing their livelihoods at the plant in question.
From a perspective of the categorical perspective of Immanuel Kant or deontological ethics, it might seem to be that, because a contract has been made with these workers, regardless of the consequences to the larger company, society, and other plants, that the plant should ...

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Ethics In Closing A Company. (2016, May 11). Retrieved December 23, 2024, from http://www.essayworld.com/essays/Ethics-In-Closing-A-Company/105625
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PAPER DETAILS
Added: 5/11/2016 04:23:58 AM
Category: Business
Type: Premium Paper
Words: 477
Pages: 2

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