Abstract
Wage or workforce adjustments in the crisis?1How do organisations respond if the crisis affects their business? Do they adjust wages or workforce? Using data from a continuous employee web-survey firm-level responses to the economic crisis in Germany and the Netherlands are investigated. Workforce adjustments were a continuous strategy. No evidence was found of wage concessions traded-off for job protection. Collective bargaining ensured robust wage-setting rather than employment protection. Basic wage reductions were reported more often for low-educated and low-wage employees thereby increasing wage inequality. Labour hoarding was reported predominantly by young, male employees with a permanent, full-time contract.
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