Chop Ltd is a forestry business which leases several large woodlands from the central government of country Z. It currently employs 2,000 members of staff across the country, of which 100 are middle managers. Chop supplies over three hundred small businesses with wood across country Z. However, recently its profitability has been poor and it has been struggling to pay any dividends. This has angered the company’s three shareholders, who each own around twenty percent of the Chop’s share capital. The remainder is owned by the public, with no one investor owning more than one percent of the total share capital. The three main shareholders have asked the board of directors to consider making 200 employees redundant. The employees are not heavily unionized.