Reducing Labor Redundancy in State-owned Enterprises

Download or read book Reducing Labor Redundancy in State-owned Enterprises written by Jan Svejnar and published by World Bank Publications. This book was released on 1991 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: The severity of labor redundancy has been underestimated because of difficulties in conceptualizing the issue and finding politically acceptable solutions. Schemes to reduce labor redundancy can decrease the wage bill significantly and allow fairly high compensation to the employees laid off yet still allow the government to recoup its costs in a relatively short time.