Faced with a no-fire rule, shareholders have reason to be very cautious: if expansion is not profitable, they cannot reduce labor costs. France, for example, is notorious for forcing foreign firms like Britain's Marks and Spencer to keep redundant workers on the payroll.
想像一副简单的情景：国家禁止公司和所有者出于经济原因进行裁员，那么面对禁止解雇的规定，股东们有理由更小心谨慎：如果扩张不能盈利，他们就不能削减劳动力成本。比如法国就因为强迫英国Marks and Spencer这样的外国企业保留富余劳力而臭名昭著。当然，没有国家完全禁止裁员，但灵活度却大相径庭，对盈利的作用也至关重要。