Lincoln Electric has roughly 3,000 employees in the U.S., 264 in Canada and 7,500 more around the world. The firm remains in 2013, as it has since the 1930s, the dominant player in the global electric welding industry and yet, it refuses to lay off its employees in tough times.
The Guaranteed Continuous Employment Policy remains unbroken since at least 1948. That's 65 years! (The no-layoff track record may in fact go as far back as 1925, but the records before 1948 are less reliable than those since.) No one was laid off for lack of work through the Great Depression, wars and now the Great Recession.PBS News
The Miracle of Profit-Sharing: Year 65 and Still No Layoffs
Frank Koller
