Compensation for workers adversely affected by corporate restructuring: pension rights, the law and public policy
The costs of restructuring to corporations can be enormous. So too can be the costs of restructuring for workers and communities, layoffs, plant closings, and long-term unemployment are often the consequences of restructuring. Normally, those adversely affected by restructuring are not due any compe...
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| Формат: | Journal article |
| Язык: | English |
| Опубликовано: |
Routledge
1993
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| Предметы: |
| _version_ | 1826266831302688768 |
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| author | Clark, G |
| author2 | Regional Studies Association |
| author_facet | Regional Studies Association Clark, G |
| author_sort | Clark, G |
| collection | OXFORD |
| description | The costs of restructuring to corporations can be enormous. So too can be the costs of restructuring for workers and communities, layoffs, plant closings, and long-term unemployment are often the consequences of restructuring. Normally, those adversely affected by restructuring are not due any compensation other than short-term unemployment benefits. But in instances where corporations have illegally sought to shift the costs of restructuring to workers by selectively denying them their pension and benefit rights, US federal courts have held that compensation is possible. The question is, however, what is appropriate compensation, given legal entitlements and abstract theoretical notions of just compensation? This question is explored with reference to case studies of corporate restructuring in the US that have involved identified violations of the Employee Retirement Income Security Act of 1974. In this context, it is argued that current remedies and recipes for compensation are wholly inadequate when justice is delayed. After working through a series of different recipes for compensation, the paper closes with an analysis of the associated problems of enforcement and the protection of workers' pension rights. |
| first_indexed | 2024-03-06T20:44:55Z |
| format | Journal article |
| id | oxford-uuid:358eb0a5-1d9b-4d29-8d05-7fa272a5a67a |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-06T20:44:55Z |
| publishDate | 1993 |
| publisher | Routledge |
| record_format | dspace |
| spelling | oxford-uuid:358eb0a5-1d9b-4d29-8d05-7fa272a5a67a2022-03-26T13:32:36ZCompensation for workers adversely affected by corporate restructuring: pension rights, the law and public policyJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:358eb0a5-1d9b-4d29-8d05-7fa272a5a67aEmploymentPensionsGeographyPublic policyEnglishOxford University Research Archive - ValetRoutledge1993Clark, GRegional Studies AssociationThe costs of restructuring to corporations can be enormous. So too can be the costs of restructuring for workers and communities, layoffs, plant closings, and long-term unemployment are often the consequences of restructuring. Normally, those adversely affected by restructuring are not due any compensation other than short-term unemployment benefits. But in instances where corporations have illegally sought to shift the costs of restructuring to workers by selectively denying them their pension and benefit rights, US federal courts have held that compensation is possible. The question is, however, what is appropriate compensation, given legal entitlements and abstract theoretical notions of just compensation? This question is explored with reference to case studies of corporate restructuring in the US that have involved identified violations of the Employee Retirement Income Security Act of 1974. In this context, it is argued that current remedies and recipes for compensation are wholly inadequate when justice is delayed. After working through a series of different recipes for compensation, the paper closes with an analysis of the associated problems of enforcement and the protection of workers' pension rights. |
| spellingShingle | Employment Pensions Geography Public policy Clark, G Compensation for workers adversely affected by corporate restructuring: pension rights, the law and public policy |
| title | Compensation for workers adversely affected by corporate restructuring: pension rights, the law and public policy |
| title_full | Compensation for workers adversely affected by corporate restructuring: pension rights, the law and public policy |
| title_fullStr | Compensation for workers adversely affected by corporate restructuring: pension rights, the law and public policy |
| title_full_unstemmed | Compensation for workers adversely affected by corporate restructuring: pension rights, the law and public policy |
| title_short | Compensation for workers adversely affected by corporate restructuring: pension rights, the law and public policy |
| title_sort | compensation for workers adversely affected by corporate restructuring pension rights the law and public policy |
| topic | Employment Pensions Geography Public policy |
| work_keys_str_mv | AT clarkg compensationforworkersadverselyaffectedbycorporaterestructuringpensionrightsthelawandpublicpolicy |