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Redundancy
Redundancy
Redundancy
Redundancy
Redundancy

The following information is about Redundancy.

Redundancy Defined

Dismissal from work because a job ceases to exist. Redundancy occurs most frequently when an employer goes out of business necessitating a cutback in the workforce, or relocates part, or all, of the company.

This definition is in context to Business. See more contextual defintions for Redundancy.


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Town honored for technology uses

Published December 4, 2008, 11:30 pm, Flower Mound Leader

Flower Mound’s continued efforts to use technology to improve quality of life in the town has given it an honorable distinction.

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Honda quits Formula One racing

Published December 4, 2008, 10:43 pm, Daily Telegraph

Honda blames the decision on slumping demand for its vehicles.

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Ministers meet banks to thrash out two-year mortgage interest holiday

Published December 4, 2008, 9:07 pm, Guardian Unlimited

Mortgage lenders were last night demanding clarity on the fee they would be charged for the government's two-year guarantee on missed mortgage payments to help struggling homeowners. At a meeting between the major banks and Alistair Darling and Lord Mandelson yesterday, the hastily announced scheme to give customers breathing space was discussed along with a number of other pressing issues ...

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Banks urged to pass on historic cut

Published December 4, 2008, 9:04 pm, Guardian Unlimited

Britain's bailed-out high street banks risked the wrath of the government last night after they refused to pass on to all their mortgage customers the full benefits of the Bank of England's decision to cut borrowing costs to the lowest level since 1951. Despite joint pressure from Gordon Brown and the chancellor Alistair Darling to match the one percentage point reduction in the bank rate ...

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Sir Nigel Rudd becomes chairman of Invensys

Published December 4, 2008, 9:03 pm, Guardian Unlimited

More than 2,000 bank workers were earmarked for redundancy yesterday, but City veteran Sir Nigel Rudd was getting himself another job. His sixth, to be precise, as he added to his portfolio of directorships by becoming chairman of the technology company Invensys. Already the holder of five boardroom jobs including chairman of airports group BAA and directorships at Barclays and BAE Systems, ...

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Recession claims 6,800 jobs in one day

Published December 4, 2008, 9:02 pm, Guardian Unlimited

About 6,800 more British jobs are likely to disappear, it emerged yesterday, as employers throughout the developed world step up the pace of layoffs. Economists at JP Morgan said: "With indicators pointing to an intensifying global adjustment in employment and business spending, our forecast for the deepest four-quarter GDP slide in the developed world since world war two appears to be on ...

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Windows handheld collects in-flight payments

Published December 4, 2008, 7:47 pm, WindowsForDevices

— Nov. 20, 2008 — GuestLogix announced a Windows CE handheld computer that lets airline flight attendants accept payments via credit or debit cards.

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(AFX UK Focus) 2008-12-05 03:30 Glance-PRESS DIGEST - Financial Times - Dec 5

Published December 4, 2008, 7:32 pm, Interactive Investor

The Bank of England cut interest rates from three percent to two percent on Thursday, their lowest level since 1951. The CBI praised the move, but its chief economic adviser Ian McCafferty warned that "what is critical for business and consumers alike is that this reduction is passed on".

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Europe to dominate GPS device market by 2012

Published December 4, 2008, 5:04 pm, telecomasia.net

In its second profit warning in three weeks, Nokia said it could not confirm its Q4 target. It expects handset shipments and mobile network sales to fall by at least 5% next year.

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Rates fall as low as 1694 "“ but will you benefit?

Published December 4, 2008, 4:31 pm, Independent

Despite intense pressure from the Government and the Bank of England to pass on cuts in the cost of borrowing in full, many mortgage lenders were slow to respond yesterday to the Bank's latest dramatic move.

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