Exact(15)
That is largely because state and local governments have been reducing their work forces.
Rising productivity has enabled many companies to meet demand for their products even while reducing their work forces.
They work one hour longer Monday through Thursday, and then they get a three-day weekend, reducing their work time, and pay, by 10percentt.
Unemployment is rising again in Europe, with companies in manufacturing, telecommunications and technology reducing their work forces by thousands of people.
With the economy slowing, some employers are looking for ways to cut expenses and improve profits by freezing wages, reducing their work forces or streamlining operations.
Just months after senior managers were bemoaning a labor shortage, agencies are suddenly reducing their work forces or not filling vacancies.
Similar(45)
In the sample, we observe more than 80% of individuals who partially retire reducing their working day by the maximum of 85%.
But penalizing higher earners would reduce their work incentives.
Companies began delaying or canceling expansion plans, and warning that they would reduce their work forces.
Subsequently, G.M., Ford Motor and Chrysler pursued huge buyout programs to reduce their work forces.
Higher wages could ease labor shortages by prompting factories to reduce their work forces.
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