Redundancy on the up?
by Jenny
The Times Newspaper has today reported that there has been an increase in redundancies due to downsizing by the construction, financial and property sectors.
An increase in redundancies won’t be news to Employment Solicitors. We can definitely say that here at PJH Law we have seen a notable increase in employers requesting advice on handling a restructure. Many employers are now preferring to use compromise agreements to terminate employment. The employee essentially signs away their rights to bring a claim to the Tribunal meaning the employer can sleep better at night.
The Office of National Statistics has reported that in the three months to May, 118,000 people were made redundant which is 10,000 more than the previous quarter. There is debate whether we are heading for a full on recession but lets face it the signs aren’t looking too good.
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