The recession has affected JOBS worldwide. Instead of layoffs if we could have trimmed a day out of everyone's schedule it could have been fantastic. You start your week on Monday afternoon and end by Friday afternoon.
The economy will not recover until Jobs situation improves and the jobs wont improve until the economy improves.. its a chicken and egg problem..
Lesser work days and increased holiday might lead to better consumption.. traveling and a healthy work life style..
Atleast I vote for monday afternoon start and friday afternoon off..
If you are Infosys 1,00,000 empolyees, saving a day per/week will result in 4,00,000 days/month. Shaving 5000 jobs will result in 110,000 days with the much more side effects, the rest 95K will spend a day of their week worrying about their jobs resulting in a -ve 380,000 days (without saving cost benefits)...
But the practical problem is the implementation.. firing is probably more easy. implementing 25% pay cut across the board is quite difficult for a large company.
One of the finance companies which my friend works for in HK did an across board 25% pay cut. People not interested were let go (natural lay off). I felt it was a pretty cool idea. (though it was not a good deal for my friend, as he did not get an additional day off / week)