Business terms and jargon explained. Your business dictionary
What is Redundancy
This is where a person’s contract of employment is terminated, as the job is no longer needed. There are statutory guidelines that an employer must follow and the employee has a right in law as to payments and the fairness of the employer’s actions.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.