Destabilizing the steady ones: financial restructuring and unbearable work situations

La déstabilisation des stables: restructuration financière et travail insoutenable

Coralie Perez

Post-Print from HAL

Abstract: Since the nineties and the apogee of a financial accumulation regime, firms have been experiencing financial restructuring (i. e. mergers and acquisitions) that destabilize the employment relationship. Compulsory redundancies that are usually measured do not capture the whole effect of financial restructuring. Work conditions and job satisfaction are also affected, undermining co-operation and loyalty. Based on interviews with individuals who left their firm (either "voluntarily" or not) in a context of financial restructuring, our paper shows that the experience of an unbearable work situation always precedes job separation.. But the mode of separation itself is constructed within a process of disengagement which depends on many factors. At the end, and whatever the subsequent job, job separation in such a context seems to have changed the interviewees' attitude to work.

Keywords: voluntary turnover; job separation; mergers-acquisitions; restructuring; lay-off; restructuration; corporate governance; fusion-acquisition; licenciement; suppression d'emplois; démission (search for similar items in EconPapers)
Date: 2014
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01072256
References: Add references at CitEc
Citations:

Published in Travail et Emploi, 2014, 138, pp.37-52. ⟨10.4000/travailemploi.6328⟩

Downloads: (external link)
https://shs.hal.science/halshs-01072256/document (application/pdf)

Related works:
Working Paper: Destabilizing the steady ones: financial restructuring and unbearable work situations (2014)
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: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01072256

DOI: 10.4000/travailemploi.6328

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().