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Apparently, endpoint of service is permitted by jurisprudence for operational reasons, which is ordinarily known as redundancy.
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Retrenchment strategy
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Curtailment means termination of the contract of service of the employees in A redundancy situation, which arise from different factors such every bit restructuring, reduction fashionable production, mergers, scientific changes, business take-over, economic downturn and others.
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What is the impact of asset retrenchment on job satisfaction?
This mixed-methods study conducted a survey and a follow-up focus group with employees of the Uganda Public Service in order to ascertain the impact of asset retrenchment on job satisfaction.
When to use retrenchment to end employment contract?
There is several ways to end an employee’s employment contract. One of the way can be used to end the contract of employment is through retrenchment.Termination of employment contract through retrenchment will be relevant when there is restructures or reorganization by an employer in order to have a better economy.
What are the different types of retrenchment strategies?
There are three types of retrenchment strategies – Turnaround Strategies, Divestment Strategies and Liquidation strategies.
Why is retrenchment important to a successful business?
This is because successful retrenchment forces a business to refocus on what it does best and how to compete effectively in order to succeed. Whilst often painful to stakeholders (particularly employees and management) retrenchment is usually an intrinsic part of any significant strategic change for a business that needs to be turned around.
Last Update: Oct 2021
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