Financial crisis and collapsed banks: psychological distress and work related factors among surviving employees--a nation-wide study.
AMERICAN JOURNAL OF INDUSTRIAL MEDICINE(2013)
Abstract
Aim The study considered psychological distress among surviving bank employees differently entangled in downsizing and restructuring following the financial crisis of 2008. Methods A cross-sectional, nationwide study was conducted among surviving employees (N=1880, response rate 68%). Multivariate analysis was conducted to assess factors associated with psychological distress. Results In the banks, where all employees experienced rapid and unpredictable organizational changes, psychological distress was higher among employees most entangled in the downsizing and restructuring process. Being subjected to downsizing within own department, salary cut, and transfer to another department, was directly related to increased psychological distress, controlling for background factors. The associations between downsizing, restructuring, and distress were reduced somewhat by adding job demands, job control, and empowering leadership to the model, however, adding social support had little effect on these associations. Conclusion Employees most entangled in organizational changes are the most vulnerable and should be prioritized in workplace interventions during organizational changes. Am. J. Ind. Med. 56:1095-1106, 2013. (c) 2013 Wiley Periodicals, Inc.
MoreTranslated text
Key words
organizational restructuring,financial crisis,psychosocial work environment,psychological distress,downsizing
AI Read Science
Must-Reading Tree
Example
![](https://originalfileserver.aminer.cn/sys/aminer/pubs/mrt_preview.jpeg)
Generate MRT to find the research sequence of this paper
Chat Paper
Summary is being generated by the instructions you defined