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A voluntary redundancy programme is not always driven by short term revenue goals. It can also be motivated by the strategic choice to change the age structure within the company. According to research, [ citation needed ] people who accept voluntary redundancy may at times return to the company after changes in the company's prospects ...
Voluntary redundancy is when an employer asks an employee to agree to terminate their contract, in return for a financial incentive.
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 ...
Severance pay in Luxembourg upon termination of a work contract becomes due after five years' service with a single employer, provided the employee is not entitled to an old-age pension and the termination is due to redundancy, unfair dismissal, or covered in a collective labor agreement. [32]
To save money, ministers are already looking at voluntary redundancy schemes across various departments. A government spokesperson said the plans were to make sure "every part of government is ...
Labour’s deputy leader said the party’s plan for workers is ‘the minimum’ they could expect after working through the pandemic.
Redundancy (information theory), the number of bits used to transmit a message minus the number of bits of actual information in the message; Redundancy in total quality management, quality which exceeds the required quality level, creating unnecessarily high costs; The same task executed by several different methods in a user interface
The move was approved at the Scottish Police Authority (SPA) Board last week, and compulsory redundancies were ruled out.