The study explores the effects of managerial styles on employees’ health and well-being in organisations undergoing restructuring. The researchers contextualize the study within a critical ethical-political framework. They collect interview and questionnaire data to bring the rhetoric of restructuring to the account of participant’s experiences. “Stories” elicited by the interviews contest the optimistic rhetoric with which managers introduce and justify restructuring programs. Themes from the stories are pursued in a questionnaire survey which categorises experiences of restructuring, behaviour, and outcomes, and collections perceptions from a wider sample. A report of research funded by the Worksafe Australia Research Grants Scheme.