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Voluntary redundancy is when an employer asks an employee to agree to terminate their contract, in return for a financial incentive. Voluntary redundancy is when an employer asks an employee to ...
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 ...
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 ...
'Workers at Shildon Wagon 'Works are to receive drastically improved redundancy pay offers. In a surprise move BREL has offered to increase the maximum pay-off to aver £5,000, an increase of £3,000. BREL are also sending a team of redundancy experts to the Works to give advice to the 1,000 men who face the dole if closure goes ahead.
A BP spokesman confirmed the voluntary redundancy figure. BP is set to make around 7,500 compulsory redundancies after roughly 2,500 staff - or just over one in ten of those eligible - applied for ...
Tata asked staff to express interest in taking voluntary redundancy as part of a cut of 2,800 jobs. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 ...
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