No Time to Lose: A Search for Work / Life Balance

Education and not layoffs by notimetolose
March 9, 2009, 3:00 pm
Filed under: news articles | Tags: , , , ,

Reposted from: euro|topics 03/03/2009

Svenska Dagbladet – Sweden

In view of the financial crisis the Swedish metal workers union has agreed with employers to accept a partial wage sacrifice. To avoid layoffs, working hours are to be shortened where necessary, and the time thus liberated used for continuing education. The daily Svenska Dagbladet comments: “The agreement can lead to workers being paid less over the long term, but it does not lead to pay cuts. Just because a worker receives less pay it does not mean he is suddenly being paid less for his work. What we are dealing with is a reduction in working hours. … Under the new agreement employees will not have to compete among themselves with lower prices for their labour. The deal will help companies avoid layoffs and it will help metal workers avoid unemployment. How long will it take for the rest of the labour market to follow suit?” (03/03/2009)

ยป full article (external link, Swedish)