Came across this Danish website: Flexicurity -The official website of Denmark
Surprised that one of those glorious progressive countries lists as one of the secrets to success their policy of Flexicurity which includes:
"One side of the triangle is flexible rules for hiring and firing, which make it easy for the employers to dismiss employees during downturns and hire new staff when things improve. About 25% of Danish private sector workers change jobs each year."
Why should an employee waste money keeping staff they don't need. The more profitable the company is, the more they can hire at good times.