• Journal of the Korea Safety Management & Science
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• v.3 no.4
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• pp.113-122
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• 2001

This study is to examine the effect of layoff on shareholders' wealth. Firms make layoff decisions by reason of cost cutting, lower performance, demand decline, restructuring. Therefore, I think that stock market responds to layoff positively, since the firm's labor productivity and profitability is improved after execution of layoff, I find that layoff variables effect on abnormal return positively in regression analysis. This means that layoff sends positive signal to the stock market for the firm's future performance. Therefore, layoff has a good effect on shareholders' wealth.

• The Journal of the Korea Contents Association
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• v.15 no.7
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• pp.228-243
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• 2015

This study analyzed the process of change related to how long term laid off workers experienced layoff and the subsequent period of unemployment using a phenomenological method. The subjects of this study were five laid off workers whose average period of unemployment was 8 years and 4 months, and they were surveyed through in depth interviews. By in depth interviews based on a semi structured questionnaire, data were collected about the subjects' psychological experiences at the time of layoff, continuous psychological or physical changes after the layoff, current state, coping methods during the period of unemployment, etc. From the results of the survey were derived 21 sub themes and 5 main themes that comprehended the sub themes. The five main themes were 'emotion and perception on and after layoff,' 'symptoms and changes resulting from the lengthening of layoff,' 'lengthened current state,' 'pattern of social perception,' and 'coping with layoff.' The main themes and the sub themes were described and long term laid off worker' associated experiences were explained in detail. Lastly, long term laid off workers' changes and experiences were discussed based on previous studies.

• Journal of Labour Economics
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• v.19 no.2
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• pp.137-159
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• 1996

• The Journal of Asian Finance, Economics and Business
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• v.8 no.4
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• pp.673-685
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• 2021

This study aims to determine theoretically the best workers layoff/training strategy that entrepreneurs should apply to manage the COVID-19 crisis successfully. It also examines the impacts of the Saudi government's emergency measures on firm performance. The paper develops a theoretical framework in which the optimal control technics is applied to model the entrepreneur's hiring, layoff, and training behaviors. The results show that, during the current COVID-19 pandemic, the entrepreneur should first lay off the less productive workers to reduce labor costs. As more and more inefficient workers quit and profit increases, the entrepreneur starts expanding his activity and training workers. In the long run, only the training activity allows the firm efficiency to grow at a constant rate. This finding suggests that the key to long-run economic recovery in Saudi Arabia will rely on training, innovation, and adaptability to the new digital environment. The paper also shows that the Saudi government initiative of covering 60% of salaries for the small- and medium-sized entrepreneurs during the COVID-19 pandemic will enhance training activities in small- and medium-sized enterprises and improve their efficiency in both the short and long run. This policy will also prevent Saudi entrepreneurs from laying off half of their staff.

• Journal of Labour Economics
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• v.23 no.1
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• pp.47-63
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• 2000

This paper uses the results of an employer survey conducted in May 1999 to investigate the impacts of the layoff-deferring subsidy in the Employment Insurance System on employment at participating firms. Using a sample of the firms that received the subsidy for temporary shutdown allowance only, we estimate that the net employment effect of the program is about 20 percent on average, which is similar to the result based on interviews with employers.

• Journal of Labour Economics
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• v.41 no.3
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• pp.129-159
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• 2018

The foremost aim of the paper is to evaluate the flexibility and stability of the Korean labor market through a cross-country comparison with OECD countries. Evaluating by the OECD Employment Protection Legislation Index, the flexibility of permanent job layoff in Korea is close to the average of OECD countries. Employment of temporary workers appears to be relatively flexible allowing for effective indicators such as the proportion of temporary workers among paid employees. As regards security, the levels of job security, income security and combination security are all far below the OECD average. A panel data analysis of OECD countries reveals that labor productivity increases as regulations on permanent job layoff become looser and regulations on temporary employment become more rigorous.

• Journal of Labour Economics
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• v.22 no.2
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• pp.243-262
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• 1999

This paper demonstrates both theoretically and empirically that there are industry-specific factors as well as the cyclical ones that affect quit and layoff incidences and that the industry-specific effects are positively correlated between the two incidences across industries while the cyclical effects are negatively correlated over time. We first set up a theoretical model to analyze how its parameters affect quits and layoffs through the corresponding change in the optimal wage for the employer and the worker, and then derive from the theoretical separation behaviors the two testable hypotheses - that quits and layoffs are positively correlated to each other across industries, and that quits move procyclically while layoffs move countercyclically. We analyze the two sets of data, BLS establishment data on turnover rates and PSID, to empirically test and confirm each of the two hypotheses.

• Journal of applied mathematics & informatics
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• v.16 no.1_2
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• pp.115-123
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• 2004

A recursive tree is constructed by starting with a root node and repeatedly adjoining new nodes to one node of the tree already constructed. Such a tree can represent, for example, the heirarchy of a workforce of a company that grows via recruiting. At times of economic depression, the company may decide to layoff participants, and in some cases it is a fair policy to relieve the last senior worker (most recent entry in the tree). If we remove an edge from such a tree then it falls into two subtrees one of which contains the most recent entry. If we continue to remove edges from the successively smaller subtrees that contain the most recent entry, we eventually isolate the most recent entry. We consider how many randomly selected edges must be removed in average before isolating the most recent entry by this procedure.

• Journal of Family Resource Management and Policy Review
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• v.19 no.2
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• pp.75-99
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• 2015

The purpose of this study was to examine the career-interrupted lives of highly educated career-interrupted women. The participants were 11 women in their thirties who had graduated from university graduated and had a child. We collected the qualitative data using a focused group interview. The results of this study can be summarized as follows. First, in personal histories of the career-interrupted women, there were marriages and births, difficulties with child care, priority placed on the family, pressure to retire, and an absence of a layoff system related to births and child care. Second, with regard to their interrupted lives, while there was comfort and an absence of work-stress, there was child care stress, financial stress, anxiety due to career uncertainty, a loss of the social self, depression, emptiness, low self-esteem, dependence on husbands, regret, conflict in career choices, and envy of childcare support. Third, their reasons for seeking reemployment included the financial benefits, increased independence, self-realization in their job, hope for a stable job, self-management, and hope for a social network.

• The Journal of the Korea Contents Association
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• v.8 no.6
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• pp.195-203
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• 2008

This research aimed to help the employers of hotel corporations by analyzing the effects of fairness of restructuring on employees' organizational commitment and organizational citizenship behavior. The research found that employer's fairness of restructuring has significant affects on the degree of employee's organizational commitment, thereby reducing the negative effects of restructuring and enhancing organization commitment and organizational citizenship behavior. Therefore, this study aims to examine impact of justice perception of layoff on survivors' organizational commitment and organizational citizenship behavior in hotel corporations. There are main results in this research given below; First, as procedural justice and distributive justice are higher, survivors' organizational commitment and organizational citizenship behavior are higher in the restructuring process. Second, as organizational commitment is higher is also higher organizational citizenship behavior in the restructuring process.