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Date 22/09/2017
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» Redundancies The First Solution

14/04/2009

One in three companies in Europe will fire full-time employees in an effort to cope with economic difficulties due to economic crisis. This figure results from the research findings conducted by the company Boston Consulting Group and the European Union Personnel Management. This research is part of a wider survey undertaken with 3348 human resources managers in more than 30 European countries including Cyprus, from November 2008 to January 2009, through individual interviews. According to the survey the top three choices for enterprises to cope with the economic crisis is to reduce recruitment, cancel business events and do not give bonuses. In addition to these options, companies will cut workers’ wages and will diversify workers’ employment by creating new forms of flexible employment.
 

  

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