"Its no good, we just can't obtain on like this," said George Williams CEO of Global Mining Servic(GMS): "we are haemorrhaging money severely, and the order-book is the worst I've seen for decades". The directors of Global Mining Services were sitting in the boardroom trying to come togrips with the implications of the present international financial crisis. whereas the company was ve
successful and the balance sheet strong, getting working capital from the banks had become complex and keeping project staff occupied was becoming rather problematic.

Task

What role would the HR function play in developing both a medium and long term strategy to take the conflicting goals of decreasing costs whilst maintaining the desired level of human capital?