13th November 2008, 06:54 PM
Obviously companies have to make decisions regarding redundancies based on both current and future prospects of work. Whilst 'knee-jerk' can be good from an accountancy reaction, I think the last downturn showed that companies that cut too far were not in the best position to pick up work when the dribble of a economic recovery began. This especially applied to local government units in the early 90's and I think helped many 'private' undertakings with more flexible and quicker reactions to get a toe-hold in the market. As my old economics teacher might have said: 'Good or bad thing?. Discuss'
Peter's point about the consultation period required before staff can be laid off is a good one and nobody in this day and age should accept a Friday evening message in the pub as adequate notice. My point about involving trade unions wasn't based on getting a better deal (although in some circumstances that can be possible), but on securing your minimum statutory rights.
Peter's point about the consultation period required before staff can be laid off is a good one and nobody in this day and age should accept a Friday evening message in the pub as adequate notice. My point about involving trade unions wasn't based on getting a better deal (although in some circumstances that can be possible), but on securing your minimum statutory rights.