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Weekly Answers to Office Quandries |
Professor Peter Rachleff |
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Along with these huge mergers (the
biggest ever) has come the kind of consolidation you are worried
about--in the name of "efficiency," departments are combined, offices
are closed, workers (human beings), are, as the British say, made
"redundant." I don't blame you for wanting to avoid "redundancy," or at
least making sure that your years of hard work and loyalty are
recognized, and recognized in the way that matters most in our culture,
with dollars. And I don't blame you for being worried, since lots of
women and men in your situation have been tossed aside like so much
garbage.
It's interesting to note that the U.S. Congress seems to share some of your concerns. Just a few weeks ago, they held hearings about the merger movement, developing monopolies, and job loss. No less an economic icon than Alan Greenspan, the long-time head of the Federal Reserve System (Mr. Anti-Inflation), was called in to testify. Some members of Congress seem to be concerned that this new economic trend is leading to more wealth for a few and economic insecurity for many. Some interesting ideas were discussed, including possible federal government intervention to block mergers on the grounds of too much job loss, Justice Department investigations of mergers that create monopolies, and even remedies like making severance pay tax-free so displaced workers can attend school and retrain themselves for the rapidly changing job market. These congressional hearings and discussions are not over. You and your fellow workers ought to contact your representatives and ask them to come talk with you. |
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