Establish Good Relationships
A company's true quality and strength are tested when it faces a crisis such as a recession. You will find out if you have formed employee relations that are truly built on the ability to cooperate through hardship and prosperity. You will experience firsthand if you have created a corporate culture that prizes such relationships, and if the work environment is such that hardships and burdens can be shared with others.
A recession provides the perfect opportunity to evaluate and improve the corporate culture and interpersonal relationships in the company. It is vital that the company take advantage of this opportunity to improve the corporate culture even further.
It's important to remember that this type of relationship is not easy to establish. Employee frustration tends to be much worse at the very time that cooperation with management is essential. If this happens, I believe it is important not to be discouraged, but take the opportunity to humbly reflect on your management style which created these weak bonds in the first place. Work to establish better relations for the future.