There are several ways to approach companies in difficulty.
Operational managers are regularly faced with issues in finance, HR, research and development, risk management, production and sales.
But, contrary to popular belief, the finance activity is rarely the first lever of action when the company is in crisis.
We want to highlight the fundamental importance in a crisis situation of problems in the business related to human resources management.

You can find this article in French (PDF) here :

Human Resources – October 2009 – « HR’s role in turning around a company » by Daniel Cohen, President of Zalis and Ivan Maltcheff, HRM Zalis