Downsizing, State Ownership, and Modern Labor Management: Severance Pay at the Swedish Tobacco Monopoly, 1915-1928
Among several forces contributing to early twentieth-century modernization of labor management was increased state involvement in the economy. In this essay, I consider the first known case of severance pay in Sweden: compensation to redundant workers associated with the 1915 nationalization of the tobacco industry. The tobacco monopoly, obliged to make severance payments during the first five yea
