Abstract
AbstractWhat do Lincoln Electric, Digital Equipment Corporation, IBM, Bank of America, Delta Airlines, and Hewlett‐Packard have in common? They all use no‐layoff policies because they are morally right and they are good business. This article discusses real job security or guaranteed employment. It describes the costs (for companies, communities, and people) of layoffs, offers specific techniques for companies to use to avoid layoffs, and provides rationales for adopting an employment security plan.
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