Between the hammer and anvil: a forgotten institution in an employer’s crisis situation

The current socio-economic situation presents employers a huge challenge. On one hand, they confront inflationary increases that are necessary to retain employees. On the other hand, they struggle with rising prices and business costs. Depending on the industry, business instability and discrepancy between planned and actual profits are increasingly forcing businesses to conduct so-called collective redundancies. Is there an alternative for them to mitigate the effects of falling purchasing power and high business costs?