Redundancy
Redundancy
Glossary of business
Definition of redundancy
Redundancy is the process of laying off staff where job cuts need to be made. It may be either compulsory where workers are given their notice because there is no longer work for them or voluntary where workers are asked if they are prepared to offer themselves for redundancy (maybe because they are close to retirement or looking for other opportunities). Staff are entitled to redundancy payments when they are made redundant and the level of these will depend on their wage level and how long they have been working for the firm.
Source : http://business-tes.wikispaces.com/file/view/Glossary.doc
link: http://business-tes.wikispaces.com/
Author : not indicated on the source document of the above text
Terminology about business
Job world
Definition and meaning of redundancy
Meaning of redundancy
This is the right place where find the answers to your questions like :
Who ? What ? When ? Where ? Why ? Which ? How ? What does redundancy mean ? Which is the meaning of redundancy ?
What does redundancy mean ?
Alanpedia.com from 1998 year by year new sites and innovations
Main page - Disclaimer - Contact us