Ok guys. Just say a major corporate pulled out a 3.6 billion dollar profit. The CEO decides, lets pump up the share price a little, even when we have increased revenue growth by 12% year on year, whilst expenses have grown at 6% year on year. To do this he decides to lay off 2000 workers, one of them your son or daughter, and one week before Christmas. They have nothing to back up their security.
Good Laws?
Would you feel better knowing there is an award in place that actually protects you and your family against this type of thing happenning?
Remember, a CEO's major role is to attain better, and better results for the stakeholders. To do this, they have to drive margin. The easiest way of driving margin (even in ridiculously strong company's) it to slice the fat off the work force.
I mean these large corporates actually have employees that struggle with workflow, have no relief staff etc..ALREADY....so not only are the people being laid off made to suffer. Staff that remain, and continue on are made to suffer.
Byso?