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Section 139 of the Employment Rights Act 1996 defines the two situations in which a redundancy may occur: (a) the fact that his employer has ceased or intends to cease— (i) to carry on the business for the purposes of which the employee was employed by him, or (ii) to carry on that business in the place where the employee was so employed, or
The Redundancy Payments Act 1965 (c. 62) was an act of the Parliament of the United Kingdom that introduced into UK labour law the principle that after a qualifying period of work, people would have a right to a severance payment in the event of their jobs becoming economically unnecessary to the employer. The functions of the redundancy ...
Employers may want to save face for both parties where the real ground is conduct [70] that was not addressed in time, capability that is difficult to prove, pregnancy [71] or the hope simply that somebody who does not figure in future plans will grab an enhanced redundancy payment and run. In such a case it will be hard to overturn the ...
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 ...
An overseas bank account is any account held in a country other than your country of primary residence. Overseas bank accounts might be useful for the following reasons: You routinely travel to ...
The UK branches of foreign banks from the European Economic Area (EEA) have to specify that their customers are not covered by FSCS and clearly state which national scheme provides protection. On 14 January 2013 FSCS launched a consumer awareness programme, aiming to reassure consumers and boost confidence, thereby aiding financial stability.
As general rules, they won't apply to everyone's situation. But at the least, they can provide a starting point for dealing with issues that have long vexed many people. The 50-30-20 rule for ...
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