In the 1990s, attempted shock therapy generated unemployment much worse than many economists claimed. This book, based on an enterprise survey conducted between 1991 and 1994, examines how factories responded to unprecedented pressures, highlighting employment cuts, changing corporate governance and unanticipated labour market outcomes.

The book is a comprehensive, user-friendly guide to the evolution of labour statistics in transition economies. The reader is initiated into the 'secrets' of data collection procedures prior to glasnost. The book then documents the results achieved so far in meeting demands for consistent, comprehensive and internationally comparable labour market information for twenty-five transition economies and examines the implications for labour market policy and implementation of these issues.