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 jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.