Dismissals and Temporary Leaves in Romanian Companies in the Context of Low Demand and Cash Flow Problems during the COVID-19 Economic Lockdown
| Autor: | Ana Iolanda Voda, Alexandra Luciana Guță, Elena-Sabina Turnea, Silviu Mihail Tiță, Ștefan Andrei Neștian |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
temporary leave
Labour economics cash flow Geography Planning and Development TJ807-830 Context (language use) furlough challenges Management Monitoring Policy and Law TD194-195 Renewable energy sources companies Dismissal 0502 economics and business Revenue GE1-350 low demand Environmental effects of industries and plants Renewable Energy Sustainability and the Environment Romania Romanian pandemic 05 social sciences COVID-19 language.human_language Low demand Environmental sciences Workforce Absenteeism language dismissal 050211 marketing Cash flow Business 050203 business & management |
| Zdroj: | Sustainability Volume 12 Issue 21 Sustainability, Vol 12, Iss 8850, p 8850 (2020) |
| ISSN: | 2071-1050 |
| DOI: | 10.3390/su12218850 |
| Popis: | The aim of this study is to describe the relations between low demand, cash flow problems, employee dismissals, and temporary leaves experienced by Romanian companies during the economic lockdown in the first two months of the COVID-19 pandemic outbreak in Romania (16 March–16 May 2020). For this purpose, we conducted a quantitative study using descriptive, correlation, and regression analyses applied to data collected from company decision-makers. Our results show that demand for products/services and cash flow in companies has decreased significantly, the workforce being affected by dismissals and temporary leaves/furloughing. Additionally, the average linear revenue of companies has been decreasing due to insufficient cash flow, higher absenteeism of workers, customers having been affected, and the demand going down. Therefore, employee dismissals, employee temporary leaves (furlough), and dismissal intentions have been positively correlated with insufficient cash flow in companies and an extremely low demand. |
| Databáze: | OpenAIRE |
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