United we stand? Marketization, institutional change and employers' associations in crisis

The continuous process of marketization of employment relations in a variety of European countries has raised questions about the power of collective social actors and their legitimizing role in policy-making. The article examines the responses of employers' associations to institutional changes towards marketization in the context of the Greek economic crisis. The analysis exposes the hidden fractures between and within the peak-level employers' associations and unveils a variation in their strategic responses towards institutional changes. To explain this variation, the article advances a power-based explanation and argues that the institutional changes altered the associations' interest representation and power resources, which, in turn, redefined their role and identities in the employment relations system.