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Women Leaders More Likely to Lose Jobs in Recession (and Less Likely to be Promoted in European Companies)

  • A new study from the US research organisation Catalyst found that women senior leaders were three times more likely to have lost their jobs due to corporate downsizing or closure in the period from November 2007 to June 2009.
  • The study was based on 873 MBA alumni from leading business schools who had graduated in the years 1996 to 2007.
  • It found that 19% of the women lost their jobs in this period compared with 6% of the men.
  • The study also found that women in Europe were less likely to be promoted in proportion to men than their counterparts in the US.
  • 31% of the American women received promotions compared with 36% of the men in the US.
  • But in Europe, 26% of the women receieved promotions compared with 44% of the men.

Source: Opportunity or Setback?, Catalyst.

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