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The Psychology of the Recession on the Workplace

The Psychology of the Recession on the Workplace

New Horizons in Management series

Edited by Alexander-Stamatios G. Antoniou and Cary L. Cooper

An economic recession can affect the aggregate well-being of a population. This highly regarded and timely book shows a significant increase in the mean levels of distress and dissatisfaction in the work place in recent years. In particular, increasing job demands, intrinsic job insecurity and increasingly inadequate salaries make substantial contributions to psychological distress, family conflict and related behaviors. The contributors reveal that the recession has fundamentally altered the way employees view their work and leaders. With employers and employees still facing a continued period of uncertainty, a severe impact on employment relations is a continuing reality.

Chapter 15: The psychological effects of restructuring

Kathleen Otto, Thomas Rigotti and Gisela Mohr

Subjects: business and management, human resource management, organisational behaviour, strategic management


Heraclitus pointed out that ‘Nothing is as constant as change.’ This statement remains true in modern times. Today it seems to be difficult to open a newspaper or watch television without encountering reports of mass layoffs. Hence, phenomena in restructuring and organizational change have become ever-present across Europe, as well as other parts of the world. In this chapter we aim to summarize the main psychological knowledge thus far with respect to the psychological processes related to reported consequences of restructuring, as well as individual and situational aspects that might play a role in dealing with change.

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