Effect of food industry mergers and acquisitions on employment and wages
- Source:
- Effect of food industry mergers and acquisitions on employment and wages 2005
- Year:
- 2005
- Subject:
- Food industry and trade -- United States, Wages -- Food industry and trade -- United States, Consolidation and merger of corporations -- United States, wages and remuneration, food industry, and United States
- Abstract:
- Empirical analysis of mergers and acquisitions in eight important food industries suggests that workers in acquired plants realized modest increases in employment and wages relative to other workers. Results also show that mergers and acquisitions reduced the likelihood of plant closures while high relative labor costs encouraged plant shutdowns. These results differ from commonly held views that mergers and acquisitions lead to fewer jobs, wage cuts, and plant shutdowns.
- Language:
- English
- Publisher:
- United States Dept. of of Agriculture, Economic Research Serv.
- Collection:
- USDA publications