The Pfeffer article begins by praising the efforts of Lincoln Electric - having had no layoffs since 1948.
The company is once again highlighted in today's news -SmartMoney, http://www.smartmoney.com/investing/stocks/3-companies-prospering-without-layoffs/
Also noted by Pfeffer is the fact that despite a drop in sales, the company remained "intact" by offering guaranteed employment to worlers after two (and now three) years on the job.
Could such a tactic work for a non-profit though? Can Lincoln's tactics of "redeploying" employees transfer over to the public sector? How do you do so if the only product you have is your mission? Does the reliance on public/private funding make this assurance impossible?
Valeria Bonanome
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