"Economic crisis, downsizing and "layoff survivor's syndrome

Datos Bibliográficos

ID3985334
AutoresWang-Bae Kim (Yonsei University, autor de correspondencia)
Año2003
Volumen33
Número4
Páginas449-464
Fecha de publicación2003-01-01
Peer ReviewedSí
Open AccessNo
TipoARTICLE
RevistaJournal of Contemporary Asia (JOURNAL)
Identificadores de la revistaISSN: 0047-2336 • E-ISSN: 1752-7554
EditorialInforma UK Limited (PUBLISHER • GB)
DOI10.1080/00472330380000281
OpenAlexW2152382257
IdiomaEN
Citas recibidas8
Referencias citadas20

This article deals with layoff survivor's syndrome following the 1997 economic crisis in South Korea. South Korea has been credited with quickly recovering from its economic crisis by implementing policies aimed at economic restructuring. However, researchers have discovered that, in addition to those directly affected by a lay-off, layoff survivors as well suffer from impacts on their mental health — hence the name, layoff survivors' syndrome. The present research focuses on the socio-psychological impact of downsizing on layoff survivors on the basis of a nationwide survey. The findings reveal a significant difference in work attitudes after downsizing, as well as a significant impact on survivors' mental health. The study concludes that these negative impacts may negatively influence organizational productivity, and thus downsizing as a blanket strategy for organizational renewal needs to be reconsidered

Business · Demographic economics · Economic growth · Economics · Layoff · Mental health · Political science · Productivity · Psychiatry · Restructuring · Unemployment · Employment and Welfare Studies · Finance · Human Resource and Talent Management · Organizational Downsizing and Restructuring · Psychology