“…From the employee's perspective, the feeling of dependency on the company is transformed into a sense of betrayal as the employer is no longer willing or able to promise job security, pay and benefits, or promotion opportunities (Newell and Dopson, 1996). Numerous authors find that the continued threat of job loss is regarded as the primary cause of deteriorating psychological wellbeing in the workplace and produces negative consequences in terms of morale, commitment and the work effort of survivors Dekker and Schaufeli, 1995;Lewin and Johnston, 1996). As a result, organizations may experience increasing tardiness, absenteeism and turnover among their remaining employees.…”