Topic filter : Redundancy

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....Investors were interested, too. After initially using £200,000 of their own savings and redundancy money, the sisters approached two venture capitalist who invested £750,000 in 2013. ... [Read full article on Guardian ]
Wednesday 7th of June 2017 06:00:50 AM
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....". The threat of redundancy, along with the possibility of sickness, is a warning for people aged over-55 to think carefully before cashing in pension savings believing any shortfall can be made up later, according to the report. ... [Read full article on Daily Express ]
Friday 16th of June 2017 12:01:00 AM
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....3 million in 2006. Research from the TUC suggests one in 10 UK workers are in precarious jobs, including in the gig economy, with less access to sick pay, redundancy and job protection, while zero-hours contract workers earn a third less than average employees. ... [Read full article on Guardian ]
Thursday 1st of June 2017 10:43:25 AM
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Latest Finance News related to Redundancy

Pensions WARNING: Pots under pressure as older worker redundancy rate hits record high image
....". The threat of redundancy, along with the possibility of sickness, is a warning for people aged over-55 to think carefully before cashing in pension savings believing any shortfall can be made up later, according to the report. ...
Walking away: when is it time to call it quits on your business? image
Source : Guardian [Read Article] Wednesday 7th of June 2017 06:00:50 AM
....Investors were interested, too. After initially using £200,000 of their own savings and redundancy money, the sisters approached two venture capitalist who invested £750,000 in 2013. ...
Trade union membership has plunged to all-time low, says ONS image
Source : Guardian [Read Article] Thursday 1st of June 2017 10:43:25 AM
....3 million in 2006. Research from the TUC suggests one in 10 UK workers are in precarious jobs, including in the gig economy, with less access to sick pay, redundancy and job protection, while zero-hours contract workers earn a third less than average employees. ...
Number of second charge mortgages leaps to nine-year high image
Source : Guardian [Read Article] Friday 12th of May 2017 03:10:13 PM
....”. But StepChange said the rise in debt from second mortgages left thousands more families vulnerable to higher levels of inflation and a slowdown in wage rises, divorce or redundancy. ...
Burberry to relocate 300 jobs from London to Leeds image
Source : BBC [Read Article] Thursday 4th of May 2017 05:04:20 PM
....The luxury brand said it plans to open a new business services centre in Leeds in October in a bid to save £100m. Staff in London will be offered the chance to relocate or face redundancy. ...
Jobs threatened at Diageo bottling plants in Glasgow and Fife image
Source : BBC [Read Article] Thursday 20th of April 2017 05:16:52 PM
....He said: "Scottish Enterprise is engaging with the company to explore all possible options for supporting those affected, and we will work with the company to safeguard Scottish jobs. "If any redundancies proceed, through our initiative for responding to redundancy situations, Partnership Action for Continuing Employment, we will provide skills development and employability support to minimise the time that individuals affected are out of work. ...
Robots to replace 1 in 3 UK jobs over next 20 years, warns IPPR image
Source : Guardian [Read Article] Saturday 15th of April 2017 07:01:18 AM
....The thinktank said the £2,000 retraining allowance should be paid to workers who lacked A-levels or their equivalent, with better qualified workers eligible for up to £1,000 for retraining provided they matched the amount with their own contribution. The cost of £164m a year could be recouped by reducing the tax free allowance for redundancy payments, the report added. ...
The lost generation: ‘I’m 30-something and still depressed and broke’ image
.... After she gives me the £2,000 I feel guilty, but less so when I interrogate her finances. It turns out she has thousands of pounds of savings (including redundancy money from being laid off by Northern Rock); she works part-time at a Marks & Spencer; she gets a state pension (she’s 66 years old); she gets a final salary pension; she gets a winter fuel payment (£200); and she gets a free bus pass, which she doesn’t use as she’s got a BMW. ...
RBS and NatWest to close 158 branches as customers go digital image
Source : Guardian [Read Article] Thursday 23rd of March 2017 06:05:29 PM
....About 770 staff will be affected by the closures, of whom 300 will be moved to other jobs. That leaves 472 at risk of redundancy, though the bank said the maximum number that would be leaving the bank was 362. ...
The shameless Tories have betrayed the self-employed – and themselves | John Harris image
.... Overnight there was a minor tweetstorm about how, back in 2010, Theresa May greeted Labour plans to raise people’s contributions by 1%: with a look of affected horror, and the claim that “it is Labour’s jobs tax that is going to kill the recovery”. All this goes straight to the Conservatives’ collective soul, and their supposedly deep belief in the frontier spirit of entrepreneurs, lone traders, and anyone else who stands apart from the supposed comfy world of sick pay, company pensions and redundancy rights, and tries somehow to make their own way. ...
Blood couriers launch case challenging self-employed status image
Source : Guardian [Read Article] Tuesday 7th of March 2017 05:19:22 PM
....Workers, who are employed under a contract in which they must always turn up for work even if they don’t want to, are entitled to employment rights including the national living wage, holiday pay and protection against discrimination, and may also miss out on other benefits including sick pay and maternity leave. Employees have those additional rights guaranteed as well as protection against unfair dismissal, statutory redundancy pay and the right to request flexible working. ...
Budgens closes 34 stores with loss of 815 jobs image
Source : Guardian [Read Article] Tuesday 7th of March 2017 10:04:23 AM
....Mike Denny, joint administrator at PwC, said: “Unfortunately, we have been unable to find a buyer and it is not commercially viable to continue trading the stores. “We are working closely with the Co-op, [the shopworkers’ trade union] Usdaw and the relevant government agencies to ensure that all employees receive the maximum levels of practical and financial support through the redundancy process. ...
Budgens: More than 800 jobs lost as 34 stores close image
Source : BBC [Read Article] Tuesday 7th of March 2017 08:31:22 AM
....Mike Denny, joint administrator at PwC, said: "Unfortunately, we have been unable to find a buyer and it is not commercially viable to continue trading the stores. "We are working closely with the Co-op, USDAW and the relevant government agencies to ensure that all employees receive the maximum levels of practical and financial support through the redundancy process. ...
In the Vauxhall towns, workers view PSA takeover with unease image
Source : Guardian [Read Article] Monday 6th of March 2017 06:59:58 PM
.... He used to work at Vauxhall and says his main concern when he heard the news was whether pensions would be protected. “I worked there between 1965 and 1975 before taking the golden handshake [redundancy] and going to work on the rigs,” he says. ...
Car deal image
Source : BBC [Read Article] Monday 6th of March 2017 12:49:19 PM
....Despite this, Vauxhall could feel the brunt of cost reductions under its new owner. It is cheaper to cut jobs in Britain, according to Prof John Colley from Warwick Business School, who says redundancy costs are three times more expensive in Germany. ...
Sainsbury's to cut 400 jobs in shakeup of operations image
Source : Guardian [Read Article] Friday 3rd of March 2017 06:56:36 PM
.... Price controllers ensure that the price labels on supermarket shelves are accurate but this task will now be undertaken by other workers. The affected workers will be offered redundancy or other roles elsewhere in the grocery chain. ...
How can I explain that my startup firm fails to put food on the table? image
.... We then print the best of your comments alongside Jeremy’s own insights. I took voluntary redundancy to start up my own business in the food and drink sector. ...
Boots, Walkers crisps and Greggs cost cutting puts 1,400 UK jobs at risk image
Source : Guardian [Read Article] Wednesday 1st of March 2017 04:15:37 PM
....Its Treforest site in Wales will only make bread and sandwiches, and will stop making doughnuts, while its Cambuslang facility near Glasgow will concentrate on sweet goods. Consultation with affected workers began last month and the company said it was offering voluntary redundancy in order to “minimise the impact” of its plans. ...
Tesco to replace 1,700 managers with lower-paid staff image
Source : BBC [Read Article] Monday 27th of February 2017 03:31:16 PM
....Their work will be taken by an extra 3,300 lower paid "shift leaders", increasing staff numbers by 1,600. The retailer said the deputy managers would be offered the new roles, redundancy payments or be redeployed. ...
John Lewis cuts hundreds of jobs amid online shift image
Source : BBC [Read Article] Thursday 23rd of February 2017 08:49:50 PM
.... . John Lewis said about 773 staff could be affected by redundancy but would be able to apply for 386 new posts. ...
John Lewis expects to cut nearly 800 jobs image
Source : Guardian [Read Article] Thursday 23rd of February 2017 03:45:38 PM
....John Lewis is to axe nearly 800 jobs in its customer restaurants and store administration in its biggest ever round of redundancies. The department store chain said it was consulting 773 people about redundancy as it attempts to cut costs and become more efficient. ...
Fifty Shades Darker sets Britain’s burgeoning sex toy industry abuzz image
Source : Guardian [Read Article] Saturday 11th of February 2017 04:00:19 PM
.... They met in 1996 when Longhurst was editing an internet magazine, and he interviewed Slateford about (in his words) the “nerdy website for computer musicians” he was setting up. Slateford’s startup cash came from a redundancy cheque from the publisher he was working for when the dotcom bubble burst. ...
‘A change of jobs is not only desirable but possible’ – our work expert responds image
....• As a retired social work manager I can remember these feelings. If you get to 50, there may be redundancy/early retirement options, and at 55 even more. ...
Paris steps up drive to woo London bankers uprooted by Brexit image
Source : Guardian [Read Article] Monday 6th of February 2017 04:04:18 PM
. Paris is targeting the “tens of thousands” of bankers its hopes will be driven out of London by Brexit, dangling the promise of tax breaks and flexible redundancy rules to complement the French capital’s cultural charms. ...
Greek debt crisis: an existentialist drama with no good end in sight | Larry Elliott image
....The Europeans have said they would like Greece to be sorted at the meeting of finance ministers planned for 20 February. This could still happen if Tsipras decides that the only alternative to liberalising redundancy rules and pension reform would be to hold a “who runs Greece?” election that he would almost certainly lose. ...
'Zero tolerance' for pregnancy discrimination in workplace – minister image
Source : Guardian [Read Article] Thursday 26th of January 2017 12:01:02 AM
. Pregnant women and new mothers may need greater protection from redundancy, the government has said. ...
Yorkshire building society to close 48 branches and ditch current accounts image
Source : Guardian [Read Article] Wednesday 25th of January 2017 04:06:52 PM
.... Those for whom this is their main or only current account face having to find a new account with another bank or building society. The society added that about 440 staff could be at risk of redundancy over the next 18 months as a result of the shake-up. ...
Job losses at Kwik Fit Insurance Services confirmed image
Source : BBC [Read Article] Thursday 12th of January 2017 06:23:37 PM
....". The government-backed service Partnership Action for Continuing Employment (Pace) is to open an office at the Tannochside site to provide employees with advice on dealing with redundancy and finding alternative employment. ...
Take the long view with a 10-year fixed-rate mortgage image
Source : Guardian [Read Article] Thursday 12th of January 2017 07:00:21 AM
....So the peace of mind comes at a price – in this case around £100 a month – but someone taking a 10-year fix won’t have to go through the rigmarole of remortgaging in two years’ time, paying fees and facing potentially higher interest rates in the future. The biggest drawback to taking out a long-term fix, however, is what happens if you need to break it for any reason, such as redundancy, divorce or a job move. ...
Rising retirement age means that smart saving is more important than ever image
Source : Daily Express [Read Article] Sunday 8th of January 2017 12:01:00 AM
....So what fate awaits them? . Almost two in five of today’s retirees were forced to stop working before they reached the state pension age, either because of ill-health, being physically unable to do their job, or redundancy, according to insurer Aegon UK. ...
The Sun losses exceed £60m as ad slump and hacking charges take toll image
Source : Guardian [Read Article] Thursday 5th of January 2017 01:06:30 PM
. The Sun made a loss of more than £60m last year as steep declines in print advertising, redundancy costs and phone-hacking charges battered the tabloid. ...
UK credit binge approaching levels not seen since 2008 crash image
Source : Guardian [Read Article] Wednesday 4th of January 2017 01:41:55 PM
....7bn of the total, hit a record high last month as Britons used the plastic to fund shopping as never before in the run-up to Christmas. The debt charity StepChange said the rise in debt levels would leave thousands of families vulnerable to higher levels of inflation and changes in income from wage cuts, divorce or redundancy. ...
Wonder why so many BHS workers are relying on charity? Here’s what we face | Grant Atterbury image
....The first letter was from my local authority’s housing benefit department telling me that, while I was now entitled to full benefits, they would be unable to pay them for any period prior to my informing them that I was unable to meet the cost of November’s rent payment. This was despite the fact that I had provided them, as per their request, with my P45 and bank statements detailing every single transaction since receiving my redundancy payment from BHS. ...
Planning to ditch the job and go it alone in 2017? Here's what you should consider image
.... And even after making the grade, in the first two years that you are with an organisation the employer can normally dismiss you as long as adequate notice has been given. Employees with at least two years’ service have the general right not to be unfairly dismissed, and then employers must dismiss for a fair reason (such as capability, misconduct or redundancy) and follow a proper process. ...
Former health secretary’s firm faces unfair dismissal case image
Source : Guardian [Read Article] Sunday 18th of December 2016 05:29:04 PM
.... The unfair dismissal hearing will take place in May. They allege they were removed from the publishing company, called Project Viva, through a “sham redundancy exercise” that paved the way for Dorrell to then transfer assets out of the business. ...
Redundancy fears as Penguin Random House derecognises staff unions image
Source : Guardian [Read Article] Friday 16th of December 2016 06:22:05 PM
. Penguin Random House, the publisher of hits including The Girl on the Train, Fifty Shades of Grey and Jamie Oliver’s cookbooks, has terminated its collective agreement with unions after talks aimed at protecting staff redundancy terms broke down. ...
Pink Panther wafer maker Rivington hit by Brexit crunch image
Source : Guardian [Read Article] Thursday 15th of December 2016 10:24:44 AM
....9% to leave the EU in June. Half of those who have lost their jobs at Rivington have already put in their claims and hope to get their redundancy cheques by Christmas. ...
'I felt vulnerable': freelancers on the stress of self-employment image
Source : Guardian [Read Article] Thursday 8th of December 2016 07:00:09 AM
....Claire Crawley went freelance when she was made redundant from a permanent job with the NHS following budget cuts. She and her husband, James, a self-employed electrician, lived in rural Devon and the redundancy coincided with the birth of their second child. ...
Strikes in China over foreign employers selling out to local companies image
Source : Guardian [Read Article] Friday 25th of November 2016 02:28:09 AM
....“Everyone knows that in its factories wages are mediocre, there are many layoffs, and it imposes unpaid overtime,” Liu said. Labour protests have erupted in China with economic growth slowing and factory closures often leaving workers with unpaid wages and no redundancy pay. ...
Self-employed face retirement poverty without pension reform image
Source : Guardian [Read Article] Saturday 19th of November 2016 08:00:03 AM
.... They will be locked out of the new lifetime Isa (Lisa), launched by George Osborne to encourage savings for property and retirement. Webb said his biggest concern was older workers who had started their own businesses only recently, perhaps after redundancy. ...
The Guardian view on employment law: an overhaul is needed | Editorial image
Source : Guardian [Read Article] Wednesday 16th of November 2016 07:25:14 PM
....At the moment, there are three categories of employment – people on permanent contracts, people on zero-hours or agency contracts, and the self-employed. Only the first category is entitled to full employment protection including redundancy payments, unfair dismissal and parental leave. ...
Shell to cut 380 jobs in Glasgow finance office image
Source : Guardian [Read Article] Wednesday 16th of November 2016 12:46:11 PM
.... The only silver lining to this story is that the announcement has been made over a year ahead of most employees leaving the company,” she said. “I would urge the Scottish government therefore to use this time, along with its agencies, to make sure the process of redundancy is made as comfortable as possible for the workers and their families. ...
HSBC insists Birmingham staff move is on track image
Source : Guardian [Read Article] Monday 14th of November 2016 04:10:34 PM
....By the end of the year, the remaining 700 or so London-based staff will have to inform the bank whether they intend to move. Those who decide not to do so could face redundancy. ...
Petrobras racks up massive losses due to write-offs image
Source : BBC [Read Article] Friday 11th of November 2016 02:37:48 AM
...."The message we want to convey is that these impairments are non-recurring, and that we don't expect them to happen, not at least in this magnitude, in the coming future," said chief financial officer Ivan Monteiro. The company's performance was also hit by the cost of a voluntary redundancy scheme, as well as court disputes in the US. ...
Closed for business image
Source : BBC [Read Article] Friday 4th of November 2016 11:15:20 PM
Asda card machine fault leads to queues at checkouts image
Source : BBC [Read Article] Sunday 30th of October 2016 01:25:31 PM
.... . Jim Bentley tweeted: "No backup, no redundancy system. ...
Maternity leave sackings cost £280m a year, says equality watchdog image
Source : Guardian [Read Article] Thursday 27th of October 2016 11:34:17 AM
....British businesses are losing hundreds of millions of pounds every year as a result of women being forced out of jobs after having a baby, a damning report from the equalities watchdog has revealed. The costs of hiring and training new staff, redundancy payouts and lost productivity after women were pushed out of jobs amounted to £280m a year, according to the Equality and Human Rights Commission. ...
300 jobs at risk at online bike retailer image
Source : BBC [Read Article] Wednesday 26th of October 2016 02:37:02 PM
....The trade union Unite were scathing of the decision. Davy Thompson, Regional Officer said: "This decision threatens redundancy for more than 150 full-time and 160 agency workers and is completely indefensible. ...
Eurostar to cut services from December image
Source : BBC [Read Article] Tuesday 18th of October 2016 03:17:15 PM
....Unions expect the move to result in about 80 job losses. Any cuts would be achieved through voluntary redundancy or sabbaticals as much as possible, Eurostar said. ...
Rail freight firm DB Cargo plans to cut 900 jobs image
Source : BBC [Read Article] Tuesday 18th of October 2016 11:19:21 AM
....German-owned DB Cargo has its UK headquarters in Doncaster, South Yorkshire. The company insisted no final decision had been made and was committed to supporting staff who may be at the risk of redundancy. ...
Dear Jeremy – your work problems solved image
Source : Guardian [Read Article] Saturday 15th of October 2016 05:59:06 AM
.... . We have also been told we cannot receive redundancy as there is no money left, so we’re stuck in a kind of limbo working in jobs they have made clear are surplus to requirements. ...
Lloyds Banking Group cuts 1,200 jobs image
Source : BBC [Read Article] Wednesday 12th of October 2016 11:28:25 AM
.... . Voluntary redundancy packages will also be offered with compulsory redundancies happening as a "last resort". ...
How do I deal with a restructure in my company? image
Source : Guardian [Read Article] Monday 10th of October 2016 06:00:33 AM
.... However, the new roles created are nearly identical with the same titles. We have also been told we cannot receive redundancy as there is no money left, so we’re stuck in a kind of limbo working in a job they have made clear is surplus to requirements. ...
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Do a financial health check and midlife needn’t mean a crisis image
Source : Guardian [Read Article] Saturday 1st of October 2016 06:00:11 AM
.... He was made redundant, is juggling two minimum-wage jobs – a minicab driver and care home worker – and has been struggling with depression. It is not uncommon for employees in their late 40s and 50s to find themselves at risk of redundancy, says Kerry Garcia, partner at law firm Stevens & Bolton: “It often takes employees in this age bracket longer to find another job at commensurate pay, which is stressful when their outgoings are higher, too. ...
Dear Jeremy – your work problems solved image
Source : Guardian [Read Article] Saturday 24th of September 2016 05:59:24 AM
.... CorneliusAgain. I am facing the prospect of redundancy, with my employer in the consultation phase with the union. ...
Foster care workers vote to form first ever trade union image
Source : BBC [Read Article] Tuesday 20th of September 2016 02:22:25 AM
....The employee must also be under the control of the employer in terms of hours, working practices and workplace rules, and be sufficiently integrated into the workplace. Rights and benefits include holiday pay, national minimum wage, rest breaks, discrimination protection, whistleblowing, deduction from wages, pension contribution from an employer under auto-enrolment, a written contract of employment, unfair dismissal protection, redundancy payment, statutory minimum notice pay, maternity/paternity pay, paid time off for antenatal appointments and a right to request flexible working. ...
My boss is forcing me to work my notice period, but I want to leave early image
Source : Guardian [Read Article] Friday 16th of September 2016 06:00:04 AM
.... Here is the latest dilemma – what are your thoughts?. I am facing the prospect of redundancy with my employer and currently in the consultation phase with the union. ...
Ban businesses from sacking new mums, say MPs image
Source : BBC [Read Article] Tuesday 30th of August 2016 11:00:05 PM
....". Another mum, who is seven months pregnant and was facing the threat of redundancy said:. ...
Pregnant women and mums 'losing out' in workplace image
Source : BBC [Read Article] Monday 22nd of August 2016 02:21:51 PM
.... Ms Nicholls says this applies to all levels of seniority in the workplace. "I often see cases where a week or two before returning from maternity leave, a manager suddenly starts redundancy proceedings. ...
'It spoils everything' image
Source : BBC [Read Article] Tuesday 16th of August 2016 11:06:42 PM
....One man who did not want to be named says the area desperately needs the jobs. Another woman who works at the supermarket has a partner working at a different mine that is coming to the end of its life and is facing redundancy. ...
Half of women 'sexually harassed at work' - TUC survey image
Source : BBC [Read Article] Wednesday 10th of August 2016 07:06:13 AM
....Sexual harassment at work can take many forms, from inappropriate comments and jokes about a colleague's sex life to unwanted touching, hugging or kissing and even demands for sexual favours, the TUC said. The Citizens Advice Bureau says sex discrimination can occur when people are applying for promotion or flexible working and when decisions are made about who is chosen for redundancy, or training and development opportunities. ...

Alex Salmond accepted £29,544 'redundancy' from Holyrood despite remaining an MP
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....A total of £2. 1 million was handed to 50 former MSPs who stood down or lost their seats in May’s election under the resettlement grant scheme, which Holyrood’s authorities say is akin to a “redundancy payment”. ...

Unions declare 'war' on train companies as they plot further strikes
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Source : Telegraph [Read Article] Monday 8th of August 2016 03:37:00 PM
....The unions are opposed to changes to trains which will stop conductors controlling the doors when the train arrives at the station. Conductors claim it devalues their job and puts them at risk of redundancy. ...

Southern Rail passengers face chaos - as ministers attack union leaders over longest strike for 50 years
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....  This week’s strike, believed to be the longest since a 12-day walkout in 1968, is over changes on trains which will stop conductors controlling the doors when the train arrives at the station. Conductors claim it devalues their job and puts them at risk of redundancy. ...

Southern Rail five-day strike: will you be affected?
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Source : Telegraph [Read Article] Sunday 7th of August 2016 03:26:31 PM
.... . The Rail and Maritime Union (RMT) claims that the change devalues the roll of conductors and puts them at greater risk of redundancy. ...
Fleet Street: Last journalists leave former home of national papers image
.... . Following their redundancy, Mr Smith is becoming a freelance journalist, while Mr Sherriff is taking time out to write his memoirs. ...

The #BoycottByron mob don't want facts on immigration, just righteous fury
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....Unions claimed that the staff were lured to their fates under false pretences – a health and safety meeting – as if these staff hadn’t themselves behaved in a similarly underhand fashion. The Unite union complained that the deportees wouldn’t get redundancy. ...
Crown postal workers to vote on strike action image
Source : BBC [Read Article] Tuesday 26th of July 2016 09:21:33 AM
....CWU general secretary Dave Ward said: "The Post Office as we know it is on the brink of extinction. It is clear that the board's plan is one of closure, redundancy and cost-cutting on an epic scale which will permanently undermine this great British institution. ...

The real reason Labour moderates are so scared of Jeremy Corbyn
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Source : Telegraph [Read Article] Monday 25th of July 2016 10:32:51 AM
....Such individuals were the first to oppose Labour’s belated proscription of Militant and the expulsion of its editorial board under Michael Foot’s leadership in 1982. When Neil Kinnock made his famous leader’s speech to Labour conference in 1985, condemning Liverpool City Council for “hiring taxis to scuttle round a city, handing out redundancy notices to its own workers”, Eric Heffer, Militant’s fellow traveller-in-chief, ostentatiously walked off the platform in support of his entryist friends. ...
Dear Jeremy – your work problems solved image
Source : Guardian [Read Article] Saturday 23rd of July 2016 05:59:32 AM
....• Don’t be so hard on yourself. It sounds as if this redundancy experience has become quite personal and critical. ...
I'm going to be managing a team for the first time – and I'm worried image
....I’m in my mid-30s and 10 years into a moderately successful IT career, which has involved a variety of support and system admin roles. Following redundancy, I have accepted a role at a new organisation where I am going to be the senior member of a team of fairly junior staff. ...
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