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August 7, 1988

THE AF OF L-CIO FACES THE FACT OF THE FREE FLOW OF MARKETS

By CBR Staff Writer

The volatility and immaturity of the computer industry means that frequent and regular hirings and firings of staff as business improves or deteriorates are a way of life, and America’s clumsily-named trades union congress, the AF of L-CIO – oh all right, American Federation of Labor-Congress of Industrial Organisations – has ruefully had to face up to the fact that there’s no getting in the way of the free flow of markets: the Daily Telegraph notes that a new US employment law, which passed onto the statute book only on Thursday, and requires that employers give 60 days’ notice of redundancies or plant closures – most computer, peripheral and chip companies haven’t a clue whether conditions will be boom or bust in 60 days’ time – has already been bested by employers, who have resolved to include 60-day notices of redundancies in everyone’s pay packet, every week.

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