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Essay / Research Paper Abstract
A 5 page paper analyzing the contemporary trend of corporate downsizing from the point of view of the downsized employees. Issues discussed are loss of income, shattered self-esteem, the difficulty of finding comparable work at a comparable salary, and the problems with "contract" employment. Bibliography lists 8 sources.
Page Count:
5 pages (~225 words per page)
File: D0_Unjustd.doc
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Unformatted sample text from the term paper:
been eliminated since 1979; in addition, James Lawson notes that 1.4 million of these were dropped between 1993 and the first quarter of 1996. Nash adds that "according to a
Times poll, nearly three-quarters of all households have had a close encounter with layoffs. One in ten surveyed -- or 19 million people -- admitted that job loss had precipitated
a major crisis in the household" (Nash, PG). What has happened to these people constitutes one of the most shocking injustices of our time. A class-action suit currently in place
against IBM by 750 former IBM employees asserts that their downsizing experience, in addition to depriving them of their income, caused them to experience "a variety of emotional and physical
symptoms, including insomnia and other sleep disorders, weight gain, headaches, hypertension, heart trouble, and other trauma" (Star Tribune, 2D). Job loss has caused former employees to lose their medical benefits;
their homes; and their self-esteem. "Involuntary layoffs exact a devastating toll on workers and communities," according to University of Colorado management professor Wayne F. Cascio, quoted in Nashs article. "Lives
are shattered, people become bitter and angry, and the added emotional and physical pressure can create family problems" (Cascio, quoted in Nash, PG). It is a myth that most if
not all of these downsized workers soon go on to comparable jobs, making comparable pay, according to Milan Moravec, author of Downsizing to Recovery: Strategic Transition Options for Organizations and
Individuals. "I dont agree with those who suggest workers immediately find jobs that pay as much or more than they earned on their previous jobs. In most cases where people
relocate, they will have salaries that are lower," he observes (Moravec, quoted in Lawson, 70). But this is true even when there is no relocation involved, Nash points out, observing
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