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  2. Termination of employment - Wikipedia

    en.wikipedia.org/wiki/Termination_of_employment

    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 ...

  3. Severance package - Wikipedia

    en.wikipedia.org/wiki/Severance_package

    Wilful misconduct by the employee: This is more than simply not doing a good job, but involves being deliberately and recklessly negligent or disobedient. The biggest factor in determining severance is re-employability. If someone is in a field or market where they will have great difficulty finding work, the court will provide more severance.

  4. Layoff - Wikipedia

    en.wikipedia.org/wiki/Layoff

    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 ...

  5. Redundancy in United Kingdom law - Wikipedia

    en.wikipedia.org/wiki/Redundancy_in_United...

    In 2002, the Court of Appeal ruled in a case brought by staff employed at Albion's Farington site in Lancashire, Albion Automotive Ltd w. Walker and others, [1] that a contractual term entitling employees to an enhanced redundancy payment could be implied into the employees' contracts of employment based on the employer's custom and practice.

  6. Survey: Almost half of loan applicants have been denied over ...

    www.aol.com/finance/survey-almost-half-loan...

    Parents with children under the age of 18 (at 55%), Generation Zers (65%), millennials (59%) and Americans making under $40,000 a year (59%) who applied for a loan or financial product over the ...

  7. Redundancy Payments Act 1965 - Wikipedia

    en.wikipedia.org/wiki/Redundancy_Payments_Act_1965

    Michael H Whincup. "The Redundancy Payments Act, 1965". Redundancy and the Law: A Short Guide to the Law on Dismissal with and without Notice, and Rights under the Redundancy Payments Act, 1965. Pergamon Press. First Edition. 1967. Section II. Pages 13 to 71. John Burke and Clifford Walsh (eds). "Redundancy Payments Act, 1965".

  8. Pay in lieu of notice - Wikipedia

    en.wikipedia.org/wiki/Pay_in_lieu_of_notice

    "PILON" redirects here. For other uses, see Pilon. In United Kingdom labour law, payment in lieu of notice, or PILON, is a payment made to employees by an employer for a notice period that they have been told by the employer that they do not have to work. Employees dismissed for gross misconduct are not entitled to be paid their notice, unless stated otherwise within Terms and Conditions of ...

  9. Notice period - Wikipedia

    en.wikipedia.org/wiki/Notice_period

    In Poland the same notice period applies regardless of which party (employer or employee) withdraws the contract. The statutory periods apply, unless both parties agree on other terms: 2 weeks if employed below 6 months; 1 month if employed below 3 years; 3 months if employed 3 or more years. The week-measured period ends on Saturday.