Although the decline in employment was certainly extensive in the current recession, data show that it was
relatively low compared to the recessions of the 1980s and 1990s, given the massive fall in GDP.
Since then, the framework conditions have changed in many Member
States. Legislators and social partners increased the room for manoeuvre
to implement flexibility measures within the firm. Numerous
companies took advantage of that, with the intention of ‘hoarding’
labour to be prepared for the upswing. This led to a higher use of
internal flexibility instruments compared to previous crises.
By far the most significant job retention schemes implemented with the
onset of the recession were measures to reduce working time. In general,
companies’ first reaction to the slack periods resulting from lower
demand was to maximise the use of working time accounts
(reduction of outstanding time balances or accumulation of negative working time) and holiday entitlements.
Although the decline in employment was certainly extensive in the current recession, data show that it was
relatively low compared to the recessions of the 1980s and 1990s, given the massive fall in GDP.
Since then, the framework conditions have changed in many Member States. Legislators and social partners increased the room for manoeuvre to implement flexibility measures within the firm. Numerous companies took advantage of that, with the intention of ‘hoarding’ labour to be prepared for the upswing. This led to a higher use of internal flexibility instruments compared to previous crises.
By far the most significant job retention schemes implemented with the onset of the recession were measures to reduce working time. In general, companies’ first reaction to the slack periods resulting from lower demand was to maximise the use of working time accounts
(reduction of outstanding time balances or accumulation of negative working time) and holiday entitlements.
relatively low compared to the recessions of the 1980s and 1990s, given the massive fall in GDP.
Since then, the framework conditions have changed in many Member States. Legislators and social partners increased the room for manoeuvre to implement flexibility measures within the firm. Numerous companies took advantage of that, with the intention of ‘hoarding’ labour to be prepared for the upswing. This led to a higher use of internal flexibility instruments compared to previous crises.
By far the most significant job retention schemes implemented with the onset of the recession were measures to reduce working time. In general, companies’ first reaction to the slack periods resulting from lower demand was to maximise the use of working time accounts
(reduction of outstanding time balances or accumulation of negative working time) and holiday entitlements.
Post
Nessun commento:
Posta un commento