Wednesday, February 25, 2009

[IWS] Dublin Foundation: EUROPE IN RECESSION: EMPLOYMENT INITIATIVES AT COMPANY AND MEMBER STATE LEVEL--BACKGROUND PAPER [24 February 2009]

IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations
-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor
---------------------- Stuart Basefsky
New York, NY 10016
-------------------------------Director, IWS News Bureau
________________________________________________________________________

European Foundation for the Improvement of Living and Working Conditions (Dublin Foundation)

Europe in recession: Employment initiatives at company and Member State level - Background paper [24 February 2009]
http://www.eurofound.europa.eu/publications/htmlfiles/ef0920.htm
or
http://www.eurofound.europa.eu/pubdocs/2009/20/en/2/EF0920EN.pdf
[full-text, 10 pages]

Author: Foundation

Summary: There are increasingly alarming predictions about the employment impact of the most severe crisis in the developed world economies since the great depression of the 1930s. The ILO predicted in January 2009 that global unemployment could increase by up to 50 million in a worst case scenario. Already, most of the developed world has succumbed to recession. Forecasts for future growth have been repeatedly revised downwards and it is unlikely that the EU economy will begin to recover before late 2009 at the earliest.

Contents
Context
Reduced hours in the auto and steel sectors
Short-time working schemes
Concession bargaining: your wages or your jobs
Recession sabbaticals
Conclusions
References


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****************************************
Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
                                   
Telephone: (607) 255-2703                
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
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