redundancy

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redundancy

the termination of an individual's employment when the employer ceases trading or the job ceases to be required because of rationalization, change of product etc. When an employer decides to make part or all of a workforce redundant the European Collective Redundancies Directive requires that the workforce be consulted on the extent, distribution and rationale for redundancy. Advance notice must be given with the extent of this dictated by the number of planned redundancies. Consultation must take place with union representatives, specially elected employee representatives where a TRADE UNION is not present, or (exceptionally) directly with all employees.

Employees with more than two years' service are statutorily entitled to a redundancy or severance payment. For adult employees under 40 this is one week's pay for each year of service, for those of 40 plus it is one and a half week's pay for each year up to a maximum of twenty years. Many employers choose to make payments substantially above the statutory level (in some public sector organizations there are special schemes to support this) to sweeten the pill of redundancy.

Selection of employees for redundancy can be a traumatic process and, if the organization is to continue trading, needs to be conducted fairly if the morale of those remaining is not to be irretrievably dented. A favoured option is to seek voluntary recruits for redundancy among older employees, backed up by generous redundancy payments and possibly early access to pension benefits. An alternative method is ‘last-in-first-out’ (LIFO),i.e. those with shorter service are selected for redundancy. Whilst superficially fair the problem with this is that it potentially removes those young workers who have most to offer the organization in the long term.

Whatever the method chosen, redundancy is undoubtedly a distressing process for all those involved. Some more progressive organizations offer counselling services to aid adjustment and to rebuild confidence. Others, especially where very large numbers have been made redundant, have set up employment agencies in an attempt to find alternative work. Although trade unions sometimes declare their intention to fight redundancies, they and their members are generally unwilling to take any form of industrial action since this could imperil redundancy payments. Unions, therefore, usually come to devote their efforts to ensuring that individuals are treated fairly by those handling the redundancy process.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

redundancy

the loss of jobs by employees, brought about by company RATIONALIZATION and reorganization that results from falling demand or PRODUCTIVITY improvement. In the UK, adult employees under 40 years of age are entitled to redundancy or severance payment of one week's pay for each year of service, and for those over 40, it is one and a half week's pay for each year up to a maximum of 20 years. See UNEMPLOYMENT.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Takada, 'Aging Workers in Japan: from Reverence to Redundance' (1993) 20 Ageing International 17
But this means identifying the non-blind game as redundance, or symmetry: conversely, symmetry may be a factor limiting the information content, such as, for instance, in the case of a homogeneous sequence made up of the monotonous repetition of a single symbol and which is characterised by the maximum symmetry, but certainly not by the maximum intelligence and creativity.
Leaving photographic and film theory momentarily aside, Kuhn gives a moving (and mercifully linear) account of the dislocation she suffered as a working-class girl attending a middle-class grammar school, but by doing so she underlines the redundance of the image as `evidentiary' support.
Yet so stringent was Celan, I felt he would never permit such bland redundance: "For thy sake ...
Although not frequent, such examples of what we may call "double redundance" are consistent with depronominalization.
NAMTA's disaster recovery plan, in part based on Rowell's experience as director of the Institute for Space Technology, Cape Canaveral, Florida, includes setting up a communication center to monitor the membership, partnering with regional associations to provide communication redundance to back up each other's database systems, and collaborating with other national and international art associations for relief efforts.
Goodlad's "'Go and Marry Your Doctor': Fetishism and 'Redundance' at the Fin de Siecle and the Vampires of 'Good Lady Ducayne"'; Eve M.
Positivity is obtained by a redundance of negations.[1]
Literally: "Music yet again and forever!/Let your verse be the winged thing/To be felt issuing from a soul in transit/Toward other skies, to other loves" Redundance here has wrought its masterpiece.
Machines threaten them with redundance and further de-skill their work.
In the middle classes, the success of feminism in securing equal opportunity, independence and promotion for women in formerly male domains, while relieving economic stress for men lucky enough to have partners with good jobs, added new stress to the pain of redundance and new fuel to the fires of backlash (Falludi 1991).(26) In North America, women's wages rose relative to men's as various equity programmes made hiring women (and some minorities) beneficial, and their relative scarcity in many traditionally male professions such as science or engineering increased their market value.
to serve the main ideas, showing the grammatical relationships, carrying standards of social acceptability, modifying, qualifying, parenthesizing, and providing useful redundance. When a person takes notes, these various functions are hierarchized in relatively consistent ways, preserving the most important, such as the nouns and verbs of the main ideas, and omitting functions that are more cognitively marginal to the main ideas.