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:	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
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
_version_	1764416976956948480

Labor Redundancies and Privatization

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