Ethical Obligation of Stakeholders

An organization does not have an ethical obligation to guarantee job security for its employees. An great organization can sometimes go through a rough patch and be forced to lay off workers. Even Levi Strauss, one of the most ethical companies in America, was forced to lay off workers during The Great Depression. The then CEO tried to find jobs layed off employees by employing them to do construction work in the factories helping the workers get through the tough times. Organizations do not have an ethical obligation because sometimes the situation is beyond their control. With regards to retirement, a company should show their gratitude towards a loyal worker who has dedicated their lives to the company. However, if the company is in trouble financially, there is nothing they can do.