Word: layoff
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Dates: during 1980-1989
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Trying to take some of the sting out of the issue, Mitterrand pledged, "There will not be one layoff." Instead, workers would be gently eased into early retirement or transferred into two-year vocational retraining programs, with pay. Mitterrand also promised that Industry Minister Laurent Fabius, author of the restructuring scheme, would be given "exceptional powers" to encourage development in affected areas like Lorraine. Mitterrand even listed a number of new industries earmarked for particular towns in the region, and he made a point of promising a new high-speed rail line through Lorraine into West Germany. The workers...
...more cautious policies of his conservative predecessor, Valery Giscard d'Estaing. Under the direction of Finance Minister Jacques Delors, the Socialist government experimented with wage and price controls, cut spending and instituted an ambitious "industrial restructuring" that could over the next four years lead to the layoff of 50,000 workers in unprofitable industries like steel and coal mining. Over the longer run, Mitterrand's aides fret, the government will be forced to sustain its belt tightening until the parliamentary elections scheduled for mid-1986, when the Socialists may pay dearly at the polls for what critics have...
Steel was the sickest of the smokestack industries. Despite the recovery, steel companies lost $1.668 billion in the first nine months of the year. With 250,000 members on layoff, the United Steelworkers has felt as if it were pinned under an I beam. In March the union took a 9% pay cut, but that did not satisfy management. U.S. Steel threatened this month to shut down five plants, either partially or completely, unless employees accept further contract concessions...
...Rather than cause chaos in the midst of an academic year, I feel it's better to warn the School Committee that you cannot have a no-layoff policy and spend money unchecked and uncontrolled," Healy explained last night...
...Lackawanna center functions as a touchstone for 3,000 former Bethlehem employees, and is preparing for 3,100 more who will go on layoff before the year is out. So far, most of the people using the center are foremen or white-collar professionals, those least accustomed to periodic layoffs. The Steelworkers union, still angry at Bethlehem's action, has been slow to embrace the program, finding it unsuitable for its members who, as one union man said, "have jobs, not careers...