¶ … corporate downsizing.
Downsizing Articles
Downsizing
Kim, Wang-Bae (2003). Economic Crisis, Downsizing and "Layoff Survivor's Syndrome"; Journal of Contemporary Asia, Vol. 33, 2003
This article empirically examines the effects of downsizing on layoff survivors in South Korea to determine if any of the unintended negative consequences of economic restructuring are present. While studies at the macro level on the downsizing that has occurred since the 1997 economic crisis has highlighted changes to the labor market, governmental policies, labor movement, and the flow of foreign capital, research into the socio-psychological impact of downsizing on South Korea using an empirical approach is quite infrequent. This study adopts the broad hypothesis that layoff survivors' perceptions of a past downsizing influence their mental health, but seeks to identify specific factors that affect negatively on survivors' well-being. Layoff survivors' perceptions are evaluated in two key aspects: attitudes toward working conditions and attitudes toward the downsizing process itself. To capture changes in perceptions, the survey asks for layoff survivors' opinions before and after the downsizing.
The respondents to the survey were recruited from layoff survivors in various companies that have been downsized in the several years since the financial crisis. The firms include chaebols and large companies, medium-sized companies, and banks. The total sample size for the survey was 980. Out of this sample, workers in large companies (those with 1,000 or greater employees) represent 47.9%, those in companies with 300-999 employees represent 35.1%, and those in companies with less than 300 workers total 17.0%. Males composed 83.4% of the sample. Males in their 30s were the most numerous in the sample, representing 51.1% of total respondents. Clerical workers constituted 60.2% of the sample. As for marital status, 68.9% of the total sample was married. The sampling method employed was stratification sampling. For survey questions, a five-point Likert scale was primarily used, with 5 = very positive, except for mental health questions with 4 point.
The findings shown show that while perceptions about job autonomy, workload, job security, and leadership have a significantly positive influence on self-confidence as a sub-category...
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