Page 176 - Socially-responsible-restructuring-Effective-strategies-for-supporting-redundant-workers

A typology for restructuring interventions and employment management
Indicative practice Examples from review Widespread minimum practice. • Company led – with provisions rarely going beyond minimum • requirements – company funded No examples cited, since it • was not the focus of this Likely to provide guaranteed periods of notice, required • review. declaration or referral to PES, severance pay or compensation in lieu of earnings. Widespread practice in • Company-led with trade union engag

Key focus for adjustment Ensuring that provisions for lay- offs meet national and statutory requirements. Providing for a prior negotiated or situationally agreed package of mainly compensatory support for lay-offs with enhanced provisions from minimum requirements (statutory, national or sectoral). Enhancements may be to severance pay, and will probably include some low-cost and short- term measures to aid skills development and job s

Table 1. restructuring Compliance Plus Area/Region)

Type of Compliance (local/plant/ company) (local/plant/ company) Cooperative (Company/