Firms and Fortune: The Consequences of Privatization and Reorganization
Firms and Fortune: The Consequences of Privatization and Reorganization
This chapter focuses on one of the most important mechanisms of change, the closings, privatization, and restructuring of firms. Most of what happened to East Germans after 1989 happened as a consequence of the fortunes of their work organizations and of new personnel strategies of employers. Most of the restructuring of the East German economy was achieved by reconfiguring working lives, predominantly by involuntary shifts between firms and job loss. Early privatization helped the remaining workers in the firms concerned to keep their employment, in contrast to employees of firms that were privatized later. Under the perspective of firmbound labor markets, the East German transformation led to cumulative processes of exclusion brought about by reshuffling and shedding of labor.
Keywords: privatization, firm restructuring, East German transformation, East Germany economy
Stanford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
Please, subscribe or login to access full text content.
If you think you should have access to this title, please contact your librarian.
To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.
