How the management can help their employees to face the uncertainty?

There are many things that can be said & done, but proper counseling or consulting is very critical, it’s a step in the right direction. There is so much to deal with in a situation like this. A solution for problems like this is found on a case-by-case basis.

It’s important to learn new and better ways of coping with the pressure. A manager could start by developing an EPA-(employee assistance program) or some other similar type of service. A company and/ or managers should communicate with employees often, both formally and informally and let them know that help is available.

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Uncertainties and unfortunate events are part and parcel of every individual's life.  Any untoward event will hurt any level of employee, whether matured or immatured. When a person is in thirties, that's the time he carries a lot of dreams to nurture his family, plan education and health requirement of his near and dear ones.  That's the occasion when he plans for new house, new car and added some sort of luxuries as per modern man's thinking - he is psychologically forced by the ads and the other people's way of life to go for such luxuries he could have waited till h gains total liquidity without going in for EMIs, etc. 

The HR Department should in such cases where the retrenchment of such class is unavoidable, suggest ways of getting alternate job avenues.  Finance Department should coach him to get the best possible ways to protect his gratuity, if any, and provident fund and other terminal benefits. 

The top management should provide him an open door when the situation improves to re-enrol him. 

The co-employees should go to his aid when the retrenched person goes into shell.

Everyone should understand this dictum:  "No one in indispensable";  "Change is inevitable";  "Private Enterprises are not Government - they cannot carry baggages";  No employer is accountable to individuals - they will find umpteen number of ways to retrench.

COMPANIES CAN GIVE REASONABLE LEAD TIME SO THAT THE CONCERNED EMPLOYEE CAN IDENTIFY  AN ALTERNATE.JOB OPPORTUNITY.

Yes Bakshji, you have the point. I sincerly feel that this is a stupid ideate and I feel majority of employers all over the world will never ever think about this topic.