Performance of firms is improved by closing existing unionized facilities and opening or acquiring new nonunion plants.

Name: Performance of firms is improved by closing existing unionized facilities and opening or acquiring new nonunion plants.
Brand: Quizplus
Rating: 4.8 (53 reviews)

Question

Quizplus · Accepted Answer

Closing unionized facilities and opening nonunion plants can reduce labor costs and increase flexibility, potentially improving firm performance. However, this is a complex issue with potential legal, ethical, and long-term strategic implications.

Performance of Firms Is Improved by Closing Existing Unionized Facilities