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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 ...
The redundancy compensation payment for employees depends on the length of time an employee has worked for an employer which excludes unpaid leave. If an employer can't afford the redundancy payment they are supposed to give their employee, once making them redundant, or they find their employee another job that is suitable for the employee.
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]
Employment protection refers both to regulations concerning hiring (e.g. rules favouring disadvantaged groups, conditions for using temporary or fixed-term contracts, training requirements) and firing (e.g. redundancy procedures, mandated prenotification periods and severance payments, special requirements for collective dismissals and short ...
Ipsa said an average of £35,200 was spent per MP on redundancy payments to both MPs and their staff - up from an average of £19,900 at the 2019 election. Ipsa's chair Richard Lloyd said: "An MP ...
Insolvencies and job cuts have clouded confidence in Germany's auto town, ... threatening its 1,500 employees with redundancy. Germany's flagship auto industry has been hit hard. ...
Musk has suggested that the organization could help to cut the U.S. federal budget by up to US$2 trillion through measures such as reducing waste, abolishing redundant agencies, and downsizing the federal workforce. Ramaswamy also stated that DOGE may eliminate entire federal agencies and reduce the number of federal employees by as much as 75%.
Employee attrition, employee turnover, and employee churn all refer to an employee quitting the job, and are often used as synonyms. For the first two terms, the difference is due to the context, i.e., the reasons for the employee leaving.