Just how damaging is the threat of mass redundancies on employees at the company in question?
Tags: Collective redundancy
Jo Stubbs provides expert advice to employers and HR professionals on how to manage a fair redundency selection and how to navigate around unfair dismissals.
Lloyds Banking Group is making a further 625 people redundant as part of a restructure that will result in a 10 percent reduction in headcount.
Failure to consult on redundancy collectively exposes employers to claims for a ‘protective award’ of compensation of up to 90 days’ pay per employee which can result in a significant liability where a large workforce is involved, as was the case with Woolworths.