ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Redundancy is a form of dismissal that occurs when a job no longer exists or is not required anymore. Following redundancy, the job/position disappears from the company. This may be because the company is downsizing, closing down, or simply, the work is not required any longer.

Detailed explanation-2: -Redundancy refers to a process of terminating employees from their employment due to different business reasons.

Detailed explanation-3: -Redundancy is usually a type of dismissal when a role is no longer needed. Your employer should only consider making redundancies if part or all of the organisation is: closing, or has already closed. changing the types or number of roles needed to do certain work.

Detailed explanation-4: -In the workplace, redundancy refers to the process when employers have to let go of one or more employees dueto circumstances unrelated to job performance or behavior.