Articlegreen2002

Employment Adjustments in Japanese Firms During the Current Crisis

58 citations0/0 files storedIndustrial Relations A Journal of Economy and Society

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Employment, Labor, and Gender Studies Labor market dynamics and wage inequality Organizational Downsizing and Restructuring

Abstract

In this article we describe the severity of the current recession and depict the resultant harsh modes of employment adjustments. As a benchmark for comparison, we refer as frequently as possible to the recession that followed the first oil crisis. Macro indices include the extent of various employment adjustments, the roles of “shock–absorbing” industries, and the impact of public employment polices. As sources of micro–level data, we examine some 30 publicly owned, large–scale firms during both the current recession and the 1970s crisis. To further clarify the situation, we detail employment adjustments carried out by two “seriously wounded” firms.

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