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A less severe form of involuntary termination is often referred to as a layoff (also redundancy or being made redundant in British English). A layoff is usually not strictly related to personal performance but instead due to economic cycles or the company's need to restructure itself, the firm itself going out of business, or a change in the function of the employer (for example, a certain ...
Research on downsizing in the US, [6] UK, [7] [8] [9] and Japan [10] [11] suggests that downsizing is being regarded by management as one of the preferred routes to help declining organizations, cutting unnecessary costs, and improve organizational performance. [12] Usually a layoff occurs as a cost-cutting measure. A study of 391 downsizing ...
The European Central Bank's new and contested rules on how much money banks must set aside to cover loans that go unpaid might be "made redundant" by new European Union-wide legislation, the ECB's ...
However, in a different 2002 decision in the Employment Appeal Tribunal, Warman International v Wilson, [2] Mr Wilson's claim of being entitled to an enhanced redundancy payment, supported by the Employment Tribunal meeting in Leeds in 2000, was overturned because previous enhanced levels of redundancy payment had on each occasion been made on ...
The issue of redundant job places is elaborated by the 2019 paper by Natalya Kozlova, according to which over 50% of workers in Russia perform work that requires low levels of education and can be replaced by applying digital technologies. Only 13% of those people possess education that exceeds the level of intellectual computer systems present ...
Geographic redundancy corrects the vulnerabilities of redundant devices deployed by geographically separating backup devices. Geographic redundancy reduces the likelihood of events such as power outages, floods, HVAC failures, lightning strikes, tornadoes, building fires, wildfires, and mass shootings disabling most of the system if not the entirety of it.
Mr Nicholson was made redundant from Grainger plc, the UK's largest listed specialist landlord. Mr Nicholson said that he had been selected for redundancy first because he believed in climate change.
Suddenly made redundant and at rock bottom, Kate takes control by revealing her inner bad girl. Kate (played by Kelly Brook) is an out of work actress who is working in a shop. Until she gets made redundant, that is. In a week from hell, Kate's boyfriend leaves her, the shop goes bust and much to her dismay, rent and gas bills have not been paid.