By Melissa A. Hardy
During the Nineteen Eighties the scoop media have been jam-packed with reviews of hovering unemployment as 'downsizing' and `restructuring' grew to become the recent buzzwords. agencies controlled their group aid via expanding the reputation in their pension plans-especially their early-retirement plans. during this quantity, the authors learn the U.S. car and current a full-scale research of the paintings and retirement judgements of its employees. They tackle organizational context and the common sense of monetary incentives in employer-provided early retirement plans. The influence of pension provisions, layoffs, plant closures, attitudes approximately `generational equity', and different components influencing the staff' assessment of the optimal time to finish their careers within the vehicle are explored.
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Additional resources for Ending a Career in the Auto Industry: “30 and Out”
However, the tasks of most "production workers" were strongly governed by the pace of the assembly line. 7. As Doeringer and Piore (1971, p. 13) noted, the various requirements of on-thejob training were one of the stimulants to the development of internal labor markets in large firms. In his study of the work force of a milling plant that had been outfitted with the latest in automated technology. Walker (1957, pp. " Even though many of the members of the new mill crew had worked together in older milling plants, the "change to the new mill nonetheless meant a change in both functional and social relations with fellow workers for most men" (see also Chinoy 1955, pp.
The presence of a plan, it was thought, would alleviate anxieties about the future among the firm's most productive workers and thus bind them even more tightly to the firm, lower the turnover rate, and raise the quality of the firm's work force. Moreover, in virtually all cases the plan was explicitly defined as a revocable benefit (not a contractual obligation) subject to the private law of the firm; often the revocation trigger was linked to "inadequate service" including participation in strikes.
5. According to the transcript of the Senate confirmation hearings, Wilson's remark, given in reply to a question about potential conflict of interests between his corporate background and the duties of his would-be governmental office, was that he could "not conceive of one because for years I thought what was good for our country was good for General Motors, and vice versa. The differ- Internal Labor Markets, Plant Closings, and Retirement 19 ence did not exist. Our company is too big. It goes with the welfare of the country" (see Gordon 1995).