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03

downsizing

   
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Title: downsizing
 
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Subject: Business
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Date: February 22, 1997
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Length: 5 / 1288
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Companies who have downsized usually end up replacing people in those positions, but at lower salaries -- in other words, they have replaced older, more experienced employees with younger employees who do are willing to work for less. Those who have been downsized may never recover emotionally or financially...
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Studies have also shown that employees who are retained also suffer: they have more health and emotional problems, and many of them lose motivation and loyalty. Workers who saw the organization as a family feel lost without their familiar networks. There was more fraud among workers who survived downsizing, and increased distrust of management...
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