Labor Redundancies and Privatization
When state-owned enterprises preparing for privatization have very high levels of redundant workers and when social safety nets and redundancy provisions in labor laws are inadequate or lacking, the political and social implications of layoffs mean...
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World Bank, Washington, DC
2012
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Online Access: | http://documents.worldbank.org/curated/en/1999/01/12119803/labor-redundancies-privatization http://hdl.handle.net/10986/11505 |
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okr-10986-115052021-04-23T14:02:55Z Labor Redundancies and Privatization Kikeri, Sunita ACTIVE LABOR ACTIVE LABOR MARKET ACTIVE LABOR MARKET PROGRAMS ADVERSE SELECTION ATTRITION BANK OPERATIONS BENEFITS OF PRIVATIZATION BIDS CAPITAL GAINS CONCEPT OF PRIVATIZATION DEVELOPING COUNTRIES DIVIDEND EARLY RETIREMENT ECONOMIC BENEFITS ECONOMIC DISTRESS ECONOMIC RETURNS EMPLOYEE EMPLOYMENT LEVELS EMPLOYMENT PROGRAMS ENTERPRISE DEVELOPMENT ENTERPRISE RESTRUCTURING EXECUTIVE DIRECTORS FINANCING ARRANGEMENTS FIRING FUTURE EARNINGS HIRING INNOVATIONS INSTITUTIONAL CAPACITY JOB CREATION JOB SEARCH JOB SEARCH ASSISTANCE JOBS LABOR ADJUSTMENT LABOR FORCE LABOR LAWS LABOR LEGISLATION LABOR MARKET LABOR MARKET CHARACTERISTICS LABOR MARKETS LABOR OPPOSITION LABOR PRODUCTIVITY LABOR REDUNDANCIES LABOR RELATIONS LABOR SUPPORT LABOR UNIONS LAID-OFF WORKERS LAYOFFS METHOD OF PRIVATIZATION PENSION PENSION FUNDS PENSION LIABILITIES PENSION REFORMS PLACEMENT SERVICES POVERTY ALLEVIATION PRIVATE COMPANY PRIVATE INSTITUTIONS PRIVATE INVESTORS PRIVATE OWNERS PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PRIVATIZATION PROCESS PRODUCTIVE ACTIVITIES PUBLIC SECTOR PUBLIC SECTOR DOWNSIZING PUBLIC WORKS RAILWAY WORKERS REDUNDANCY REDUNDANT WORKERS RETIREMENT RETIREMENT PROGRAM RETRAINING PROGRAMS SAFETY SAFETY NET SAFETY NETS SALE OF ASSETS SALE PRICE SENIORITY SERVICE PROVIDERS SEVERANCE BENEFITS SEVERANCE PAYMENTS SHARE OWNERSHIP SMALL BUSINESS SMALL BUSINESSES SMALL ENTERPRISES SOCIAL FUNDS SOCIAL SAFETY NET SOCIAL SAFETY NETS STAFF STATE ENTERPRISE STATE ENTERPRISES STATE-OWNED ENTERPRISES TECHNICAL ASSISTANCE UNEMPLOYMENT UNEMPLOYMENT INSURANCE VOLUNTARY DEPARTURES WAGES WORKER WORKERS WORKING CAPITAL When state-owned enterprises preparing for privatization have very high levels of redundant workers and when social safety nets and redundancy provisions in labor laws are inadequate or lacking, the political and social implications of layoffs mean that the government should be involved in the design and funding of special programs to deal with unemployment and labor unrest. This note reviews the main elements of such programs severance and retirement benefits, retraining and redeployment support, employee share ownership schemes, and importantly, mechanisms to ensure labor consultation and participation. In many countries these programs need to go hand-in-hand with reforms to expand private labor markets: removing obstacles to job creation, ending restrictions on hiring and firing, and eliminating taxes that raise the cost of labor. 2012-08-13T15:15:04Z 2012-08-13T15:15:04Z 1999-01 http://documents.worldbank.org/curated/en/1999/01/12119803/labor-redundancies-privatization http://hdl.handle.net/10986/11505 English Viewpoint: Public Policy for the Private Sector; Note No. 174 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research |
repository_type |
Digital Repository |
institution_category |
Foreign Institution |
institution |
Digital Repositories |
building |
World Bank Open Knowledge Repository |
collection |
World Bank |
language |
English |
topic |
ACTIVE LABOR ACTIVE LABOR MARKET ACTIVE LABOR MARKET PROGRAMS ADVERSE SELECTION ATTRITION BANK OPERATIONS BENEFITS OF PRIVATIZATION BIDS CAPITAL GAINS CONCEPT OF PRIVATIZATION DEVELOPING COUNTRIES DIVIDEND EARLY RETIREMENT ECONOMIC BENEFITS ECONOMIC DISTRESS ECONOMIC RETURNS EMPLOYEE EMPLOYMENT LEVELS EMPLOYMENT PROGRAMS ENTERPRISE DEVELOPMENT ENTERPRISE RESTRUCTURING EXECUTIVE DIRECTORS FINANCING ARRANGEMENTS FIRING FUTURE EARNINGS HIRING INNOVATIONS INSTITUTIONAL CAPACITY JOB CREATION JOB SEARCH JOB SEARCH ASSISTANCE JOBS LABOR ADJUSTMENT LABOR FORCE LABOR LAWS LABOR LEGISLATION LABOR MARKET LABOR MARKET CHARACTERISTICS LABOR MARKETS LABOR OPPOSITION LABOR PRODUCTIVITY LABOR REDUNDANCIES LABOR RELATIONS LABOR SUPPORT LABOR UNIONS LAID-OFF WORKERS LAYOFFS METHOD OF PRIVATIZATION PENSION PENSION FUNDS PENSION LIABILITIES PENSION REFORMS PLACEMENT SERVICES POVERTY ALLEVIATION PRIVATE COMPANY PRIVATE INSTITUTIONS PRIVATE INVESTORS PRIVATE OWNERS PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PRIVATIZATION PROCESS PRODUCTIVE ACTIVITIES PUBLIC SECTOR PUBLIC SECTOR DOWNSIZING PUBLIC WORKS RAILWAY WORKERS REDUNDANCY REDUNDANT WORKERS RETIREMENT RETIREMENT PROGRAM RETRAINING PROGRAMS SAFETY SAFETY NET SAFETY NETS SALE OF ASSETS SALE PRICE SENIORITY SERVICE PROVIDERS SEVERANCE BENEFITS SEVERANCE PAYMENTS SHARE OWNERSHIP SMALL BUSINESS SMALL BUSINESSES SMALL ENTERPRISES SOCIAL FUNDS SOCIAL SAFETY NET SOCIAL SAFETY NETS STAFF STATE ENTERPRISE STATE ENTERPRISES STATE-OWNED ENTERPRISES TECHNICAL ASSISTANCE UNEMPLOYMENT UNEMPLOYMENT INSURANCE VOLUNTARY DEPARTURES WAGES WORKER WORKERS WORKING CAPITAL |
spellingShingle |
ACTIVE LABOR ACTIVE LABOR MARKET ACTIVE LABOR MARKET PROGRAMS ADVERSE SELECTION ATTRITION BANK OPERATIONS BENEFITS OF PRIVATIZATION BIDS CAPITAL GAINS CONCEPT OF PRIVATIZATION DEVELOPING COUNTRIES DIVIDEND EARLY RETIREMENT ECONOMIC BENEFITS ECONOMIC DISTRESS ECONOMIC RETURNS EMPLOYEE EMPLOYMENT LEVELS EMPLOYMENT PROGRAMS ENTERPRISE DEVELOPMENT ENTERPRISE RESTRUCTURING EXECUTIVE DIRECTORS FINANCING ARRANGEMENTS FIRING FUTURE EARNINGS HIRING INNOVATIONS INSTITUTIONAL CAPACITY JOB CREATION JOB SEARCH JOB SEARCH ASSISTANCE JOBS LABOR ADJUSTMENT LABOR FORCE LABOR LAWS LABOR LEGISLATION LABOR MARKET LABOR MARKET CHARACTERISTICS LABOR MARKETS LABOR OPPOSITION LABOR PRODUCTIVITY LABOR REDUNDANCIES LABOR RELATIONS LABOR SUPPORT LABOR UNIONS LAID-OFF WORKERS LAYOFFS METHOD OF PRIVATIZATION PENSION PENSION FUNDS PENSION LIABILITIES PENSION REFORMS PLACEMENT SERVICES POVERTY ALLEVIATION PRIVATE COMPANY PRIVATE INSTITUTIONS PRIVATE INVESTORS PRIVATE OWNERS PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PRIVATIZATION PROCESS PRODUCTIVE ACTIVITIES PUBLIC SECTOR PUBLIC SECTOR DOWNSIZING PUBLIC WORKS RAILWAY WORKERS REDUNDANCY REDUNDANT WORKERS RETIREMENT RETIREMENT PROGRAM RETRAINING PROGRAMS SAFETY SAFETY NET SAFETY NETS SALE OF ASSETS SALE PRICE SENIORITY SERVICE PROVIDERS SEVERANCE BENEFITS SEVERANCE PAYMENTS SHARE OWNERSHIP SMALL BUSINESS SMALL BUSINESSES SMALL ENTERPRISES SOCIAL FUNDS SOCIAL SAFETY NET SOCIAL SAFETY NETS STAFF STATE ENTERPRISE STATE ENTERPRISES STATE-OWNED ENTERPRISES TECHNICAL ASSISTANCE UNEMPLOYMENT UNEMPLOYMENT INSURANCE VOLUNTARY DEPARTURES WAGES WORKER WORKERS WORKING CAPITAL Kikeri, Sunita Labor Redundancies and Privatization |
relation |
Viewpoint: Public Policy for the Private Sector; Note No. 174 |
description |
When state-owned enterprises preparing
for privatization have very high levels of redundant workers
and when social safety nets and redundancy provisions in
labor laws are inadequate or lacking, the political and
social implications of layoffs mean that the government
should be involved in the design and funding of special
programs to deal with unemployment and labor unrest. This
note reviews the main elements of such programs severance
and retirement benefits, retraining and redeployment
support, employee share ownership schemes, and importantly,
mechanisms to ensure labor consultation and participation.
In many countries these programs need to go hand-in-hand
with reforms to expand private labor markets: removing
obstacles to job creation, ending restrictions on hiring and
firing, and eliminating taxes that raise the cost of labor. |
format |
Publications & Research :: Viewpoint |
author |
Kikeri, Sunita |
author_facet |
Kikeri, Sunita |
author_sort |
Kikeri, Sunita |
title |
Labor Redundancies and Privatization |
title_short |
Labor Redundancies and Privatization |
title_full |
Labor Redundancies and Privatization |
title_fullStr |
Labor Redundancies and Privatization |
title_full_unstemmed |
Labor Redundancies and Privatization |
title_sort |
labor redundancies and privatization |
publisher |
World Bank, Washington, DC |
publishDate |
2012 |
url |
http://documents.worldbank.org/curated/en/1999/01/12119803/labor-redundancies-privatization http://hdl.handle.net/10986/11505 |
_version_ |
1764416976956948480 |