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The Impact of Mergers and Acquisitions on Company Employment in the United Kingdom

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<mark>Journal publication date</mark>01/2002
<mark>Journal</mark>European Economic Review
Issue number1
Volume46
Number of pages19
Pages (from-to)31-49
Publication statusPublished
Original languageEnglish

Abstract

This paper provides a systematic empirical analysis of the effects of take-over and merger activity on firm employment in the UnitedKingdom using a specially constructed database for the period 1967–1996. Our results indicate that significant rationalisations in the use of labour occur as firms reduce joint output and increase efficiency post-merger. These effects are particularly pronounced in the case of related and especially hostile mergers.