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Other titles in the Plenum Studies in Work and Industry series:
Ending a Career in the Auto Industry: 30 & Outby Melissa A. Hardy
Synopses & Reviews
During the 1980s the news media were filled with reports of soaring unemployment as 'downsizing' and `restructuring' became the new buzzwords. Firms managed their workforce reduction by increasing the attractiveness of their pension plans-especially their early-retirement plans. In this volume, the authors examine the U.S. auto industry and present a full-scale analysis of the work and retirement decisions of its workers. They address organizational context and the logic of financial incentives in employer-provided early retirement plans. The impact of pension provisions, layoffs, plant closures, attitudes about `generational equity', and other factors influencing the workers' evaluation of the optimum time to end their careers in the auto industry are explored.
Book News Annotation:
Combining sociological and economic perspectives, the authors explore the issue of retirement under complex conditions and varied options. Concentrating on General Motors' strategy of offering incentives to early retirement in the face of lay-offs and little hope of recall, they investigate the factors involved in workers' decisions about the timing of their retirement--unanticipated, accelerated, or refused.
Annotation c. Book News, Inc., Portland, OR (booknews.com)
Includes bibliographical references (p. 255-268) and index.
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