Which management skill do you require to persuade these employees? which managerial role wpuld you play to con

Question

Suppose you are a manager in an organization in leather industry. Suddenly due to some natural

catastrophe, the supply of animal skin has been stopped and your business is being affected badly.

Now you decide to decrease the remuneration of your employees. But you need to convince them

to remain loyal to your organization.

Answer 1

Well it is either that or lay people off and break up a team that has the ability to succeed.  When the supply returns and prices come down then a return should be seen.