The Closing at Canadian Admiral: Correlates of Individual Well-Being Sixteen Months after Shutdown

Abstract

This study examined correlates of individual well-being among 183 former employees of Canadian Admiral 16 mo. following plant shutdown. The period was characterized by unusually high rates of unemployment, a somewhat different condition than existed in the early studies of job loss following plant closings. The experience of job loss had a negative effect on satisfaction and well-being. In addition, reemployment on a poorer job during this period was also associated with less satisfaction and well-being. During chronically high levels of unemployment a large number of individuals were unable to find any job during the 16-mo. period, others found and subsequently lost their jobs through other lay-offs, and some were forced to take poorer jobs than the ones they lost.

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