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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Main Author: Kikeri, Sunita
Format: Viewpoint
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
Online Access:http://documents.worldbank.org/curated/en/1999/01/12119803/labor-redundancies-privatization
http://hdl.handle.net/10986/11505
id okr-10986-11505
recordtype oai_dc
spelling 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
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