Neue Erkenntnisse über Effekte von Downsizing

Recently, firms increasingly chose to downsize their firm by reducing the workforce in an attempt to save costs. If a substantial fraction of employees is laid off then this practice is called a mass layoff. In the worst case, all workforce is dismissed leading to a plant closure. Scientists heavily concentrated their work on the aggregate and individual consequences for the direct victims of mass layoffs, which are those that lost their work place. Less attention was paid so far to the behavior of firms and the impact on the remaining workforce after mass layoffs. This project aims to shed light into these issues.