CLEAN : Firestone lays off over 400 rubber workers in Liberia

The video discusses reflections on past actions, the impact of economic crises on management decisions, and the structure and implications of pension schemes, particularly focusing on Firestone's non-contributory pension plan.

What is a key factor in managing financial challenges related to education?

• Reducing household expenses

• Adopting a business model in education

• Investing in real estate

• Increasing government subsidies

During economic crises, why is it important for management to work systematically with unions?

• To avoid sudden shocks in employment

• To ensure all employees are laid off

• To reduce the number of meetings

• To increase employee salaries

What was the outcome of the negotiations between management and the union regarding employee numbers?

• The number was increased to 600

• The number was reduced to 428

• The number remained at 500

• The number was reduced to 300

What is a characteristic of a non-contributory pension scheme?

• Management solely contributes to the pension

• The government funds the pension

• It is mandatory for all employees

• Employees contribute a portion of their salary

At what point do employees benefit from a non-contributory pension scheme?

• Upon joining the company

• When they reach a certain age

• After 10 years of service

• At the point of retirement