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The prospect of the three-day week returned to haunt Britain yesterday as it emerged that ministers are considering paying firms to cut hours in order to survive the recession.
Tens of thousands of businesses are already planning to scale back working hours this year in an effort to stay afloat. But as the country comes to terms with the reality of a recession, it emerged that the Government is looking at compensating employees, through their firms – thereby drawing comparisons with the shutdowns of the 1970s.
Originally posted by stumason
Wouldn't affect me, but saying that, this recession hasn't and is unlikely to affect me. My employer is cash rich, debt free and cash flow positive for the 12 months up to December 2008. We're even recruting and are desperate for staff!
I am unclear though how cutting the working week is "compensating employees through their employers..."
I am too young to remember the 1970's, could someone enlighten me as to what impact a shortened working week will have?