It shouldn’t be legal to report high earnings and lay off a large portion of your staff, that feels like something a poorly performing company would do
That‘s how it is in Germany. You can only get laid off without a negotiated severance package, when the employer is in financial trouble. Even then you need start laying people off the employer needs to do it according to the social contract (e.g. single mothers last). Both is really hard to proof (in court) so usually everyone gets a severance package anyway.
This means when you hear about big layoffs in Germany usually all of them get a severance package or agree to something else. These layoffs are not comparable to the USA.
This is the shortened and positive descriptions of the process, but of course there are also (justifiable) downsides of doing it this way.
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It shouldn’t be legal to report high earnings and lay off a large portion of your staff, that feels like something a poorly performing company would do
That‘s how it is in Germany. You can only get laid off without a negotiated severance package, when the employer is in financial trouble. Even then you need start laying people off the employer needs to do it according to the social contract (e.g. single mothers last). Both is really hard to proof (in court) so usually everyone gets a severance package anyway. This means when you hear about big layoffs in Germany usually all of them get a severance package or agree to something else. These layoffs are not comparable to the USA. This is the shortened and positive descriptions of the process, but of course there are also (justifiable) downsides of doing it this way.
What would be some of the downsides? Just curious.
Some examples
Come to Germany and see for yourself :)
No!!! Put down the beer and pretzels!!! Come to America and grab a Fresh™ slice of the Original™ FreeMarket® System©
We have all those same downsides, and many MORE!!! Now with 80% less upside to compensate!!!
Yeah, I would get dinged for all three on that second point.
Wow there. We can’t go around regulating things. What do you think we are COMMUNISTS?!?