At the macro and micro economic level, strike always has an impact on total sales, profits, and market share of individual company where the strike is being carried out by group of employees or trade unions. But not only did the strikes have negative impact on companies financial status, but the total output, sales, consumer spending, price level, trade deficit, and employment were all affected. Most of the economic activities depend on day to day running of business enterprises and movement of people. If these business enterprises and movement of people are being affected, this has a serious implication on overall growth of the country including the GDP growth.
Inhaltsverzeichnis (Table of Contents)
- Literature Review
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This paper examines the financial implications of strikes on retirement plans, focusing specifically on the ongoing strikes in France. The research aims to understand the impact of these strikes on both individual companies and the overall economy.
- The impact of strikes on economic growth and financial stability.
- The specific effects of strikes on retirement plans and pension systems.
- The role of trade unions and government policies in strike-related issues.
- The broader implications of strikes on various sectors, including tourism, oil, and transportation.
- The need for citizens to consider the economic consequences of strikes before participating.
Zusammenfassung der Kapitel (Chapter Summaries)
The literature review section explores the current strikes in France, emphasizing their impact on various aspects of life, including transportation, commercial activity, and public services. It highlights the financial implications of these strikes, including the disruption of economic activity and the potential for damage to public property.
The paper then delves into the broader economic effects of strikes, analyzing two contrasting perspectives: the neo-classical and the neo-institutionalist. The neo-classical view suggests that strikes negatively impact economic growth, while the neo-institutionalist perspective posits that strikes can act as a corrective mechanism against managerial abuse.
The paper concludes by examining the specific case of the oil industry in France, highlighting the disruption caused by the strikes and the resulting impact on crude oil prices and fuel availability.
Schlüsselwörter (Keywords)
This paper focuses on the financial implications of strikes, particularly in the context of retirement plans. Key terms include strikes, economic growth, financial stability, retirement plans, pension systems, trade unions, government policies, tourism, oil industry, transportation, and economic consequences.
- Quote paper
- PGDM, Msc in Finance Vijayakumar Honnungar (Author), 2011, Financial implications of strike for retirement plan: A review of the literature, Munich, GRIN Verlag, https://www.grin.com/document/174246
