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Concept information

Preferred term

REDUNDANCY  

Definition

  • PERMANENT WORKFORCE REDUCTIONS AT THE ENTERPRISE LEVEL FOR ECONOMIC REASONS (E.G. BANKRUPTCY OR RESTRUCTURING) OFTEN AFFECTING A SIZEABLE NUMBER OF WORKERS

Broader concept

Scope note

  • DO NOT CONFUSE WITH 'LAY-OFFS' WHICH IS USED FOR TEMPORARY WORKFORCE REDUCTIONS.

URI

https://hasset.ukdataservice.ac.uk/7ea076dd-a1a7-4352-a47e-709212cadd99

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