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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 ...
G-, S-, T- and X-series of sport watches present an era when products with number 3 were described as entry level, number 6 as advanced and 9 as professional or high-end. Suunto Vector was the world's first outdoor watch with ABC (altimeter, barometer and compass) functions. Released in 1998, it was available almost unchanged until it was ...
The way layoffs affect the economy varies from the industry that is doing the layoffs and the size of the layoff. If an industry that employs a majority of a region (freight in the northeast for example) suffers and has to lay employees off, there will be mass unemployment in an economically rich area.
The layoffs will eliminate 8.2% of its 8,000 customer service-related positions for a total of 656 employees, who are not represented by a union, according to Bloomberg.
John Warden grew up playing with Hasbro toys, dreaming of a day when he might get to design them himself. And that dream did come true: Warden spent 25 years working for the toy company, on ...
The layoffs come after a brutal year in the gaming industry, during which some estimated at least 6,500 people in the field lost their jobs. Some unofficial trackers suggest the count was ...
This average amount will be calculated dividing the lump sum by the service years with the current employer, and will be taxed as monthly salaries. For the number of service years with the current employer, the actual number of years should be considered. If the number of years is more than 12, only 12 will be considered. [citation needed]
Employees in Kohl's Corp.'s credit and customer service departments have been told their jobs are changing or being eliminated by February. The company said “a few dozen” employees in customer ...