Redundancies, restructuring and insolvency
Inflation and other cost increases are causing businesses to consider cuts and changes to their workforce to remain competitive.
No employer wants to make redundancies but if this an option on the table for your business, our inbrief guide to redundancies explains how to run a fair redundancy process, and our inbrief guide to collective redundancies explains the additional requirements if you are making 20 or more redundancies at one establishment over 90 days.
We have an experienced team available to provide comprehensive legal and HR support in the UK, Ireland and Hong Kong, as well as internationally through our alliance with Ius Laboris. In addition to our team of specialist employment lawyers, we can leverage our team of HR consultants to support meetings and assist trade union and worker representative body negotiations. To find out how we can support you with redundancy and restructuring matters, please visit our service page.
Further reading
Redundancy
19 January 2024This Inbrief looks at how employers can minimise the risk of legal claims when dismissing employees by reason of redundancy. The starting point is making sure that there is a genuine redundancy situation. The crucial thing then is to follow a reasonable procedure, including consulting the affected employees, applying a fair selection process and considering alternative employment. Finally, those dismissed should be given their correct redundancy pay.
Insolvency and TUPE
04 January 2023Buying from an administrator can be a golden opportunity to pick up a business at a substantial discount to market value. It is a chance for a fresh start, without the debt and creditor demands experienced by the insolvent owner. But no business can run without people – and employment law tends to protect employees.
Implications of corporate restructures for a business’s sponsor licence
01 November 2022When corporate restructures happen, immigration compliance is commonly overlooked. In this article we outline some of the implications of corporate transactions for sponsor licences and right to work checks and provide some tips for avoiding potential problems.
Reducing business costs - alternatives to redundancy
12 September 2022When businesses run into financial difficulties and need to reduce costs, the knee-jerk reaction is often to consider the scope for job cuts. But redundancies are not a cheap option and, if mistakes are made in the way redundancies are handled, further costs may be incurred on account of tribunal claims.
Redundancy in a remote working world
31 August 2022Remote first, remote only, hybrid working, employers of record…these arrangements are fast becoming normal especially as employers have competed for global talent over the past 18 months and sought to grow despite the great resignation. As the global economy continues to change, what happens if you now need to make redundancies in a remote working world?
Collective redundancies
06 July 2022Most employers are aware of the procedures that have to be followed when making someone redundant (or their job, to be more precise). If you’d like a reminder, see our Inbrief on Redundancy.
Restructuring the workplace post Covid-19 - FAQs for employers
25 February 2022As the furlough scheme has now ended, some employers are focused on cost-saving measures in the face of ongoing economic challenges.