In today’s unpredictable economy, businesses face several challenges, including fluctuations in consumer needs, shifts in global trade policies, and changes in the competitive landscape. Regrettably, these challenges often result in job losses, and employees face the risk of redundancy.
Redundancy is a challenging and stressful experience for employees, but it does not have to be all doom and gloom. They are entitled to redundancy support from their employer during this difficult period. In this article, we’ll explore everything you need to know about redundancy support for employees.
What is redundancy?