Economics at your fingertips  


Vera Trappmann

A chapter in Fallen Heroes in Global Capitalism, 2013, pp 1-8 from Palgrave Macmillan

Abstract: Abstract Globalisation has led to an increase in restructuring in all branches of the economy. The steel industry is a sector that has experienced tremendous change over the last 30 years, with continuous restructuring over that period. It has become highly internationalised and its very high number of job losses is a global issue. In the European Union, the industry has always been deeply politicised, the first to be subject to supranational economic policymaking, which aimed to influence market processes and to intervene in the industry’s development internationally. Restructuring has involved different forms: rationalisation of production; change in work organisation; subcontracting of non-core operations; increased mergers and acquisitions, which not infrequently resulted in the closure of divisions or entire sites; and “workforce adjustments”, which also not infrequently resulted in worsening and poor working conditions or reductions in employment levels. Restructuring is influenced by many factors: corporate culture; ownership structure; industrial relations; labour-market institutions and policies; and management attitudes. To analyse restructuring is to attempt to understand the global change and dynamics of business, and thus this type of analysis is legitimately carried out within many different academic disciplines.

Keywords: Steel Industry; Steel Plant; Global Capitalism; Poor Working Condition; Polish Steel (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations: Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This item can be ordered from

DOI: 10.1057/9781137303653_1

Access Statistics for this chapter

More chapters in Studies in Economic Transition from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

Page updated 2023-06-06
Handle: RePEc:pal:stuchp:978-1-137-30365-3_1