BNET Business Dictionary

Business Definition for: Redundancy Package

Additional Resources

Aer Lingus staff approach voluntary redundancy deadline
AIRLINE INDUSTRY INFORMATION-C1997-2004 M2 COMMUNICATIONS LTD Employees of the Irish national carrier Aer Lingus have until 1700 on 15 October 2004 to accept a voluntary redundancy package which the airline hopes will cut its workforce by a third. It is believed that more than 900 staff have expressed...
Tags: Aer Lingus
Research articles 2004-10-15
Paradise Datacom Introduces New Modem Redundancy Switch; New, Evolution Modem Redundancy Switch Offers Backup Protection in a Compact, Low-Cost, 3-RU Package
STATE COLLEGE, Pa. -- Paradise Datacom is introducing a new modem redundancy switch system that offers a revolutionary approach to modern redundancy protection. The new product, called the Evolution Modem Redundancy Switch System, will highlight Paradise Datacom's product display (Booth #106) at SATCON 2005 in New York City, October 26-27....
Tags: Paradise Datacom Ltd.
Research articles 2005-10-12
Merrill's 650 locals await payout offer.
Oct 23, 2001 The Australian Financial Review ABIX via COMTEX -- Australian employees of Merrill Lynch are expected to be offered redundancies as the group's planned job cuts continue. The New York investment banking group confirmed last week that it planned further job cuts...
Tags: Australia, FINANCE, Investment, job, Merrill, Merrill Lynch & Co. Inc.
Research articles 2001-10-22
BNP brokers refuse to give up.
Jan 16, 2002 The Sydney Morning Herald ABIX via COMTEX -- Thirteen Sydney-based BNP Paribas Equities private client advisers are seeking redundancy payouts. The advisers of the French-based stockbroking firm say they prefer to receive a redundancy package from BNP rather than make a...
Tags: BNP Paribas SA
Research articles 2002-01-15
Aer Lingus unveils voluntary redundancy programme
AIRLINE INDUSTRY INFORMATION-C1997-2001 M2 COMMUNICATIONS LTD Embattled Irish carrier, Aer Lingus, unveiled details of its voluntary severance package on 31 October. The carrier is seeking to cut some 2,000 jobs in order to stay in business and the voluntary redundancy plan is expected to cost IEP40m. ...
Tags: Aer Lingus
Research articles 2001-11-02
Wicked column
WANTED: Press spokesperson willing to bring down governments. Job convenient to shops. Salary 100,000 pounds (Egyptian?) and luncheon vouchers. Yes, Harrods boss Mohamed Al Fayed is looking for another media spokesman as former Sky News presenter Laurie Meyer prepares to leave. After 2 years spinning Egyptian yarns...
Tags: British Broadcasting Corp., Government
Research articles 2000-07-16
Workers to push Incat for rise.
Jul 27, 2001 The Mercury ABIX via COMTEX -- Employees of shipbuilder Incat Tasmania have supported a union demand for a five per cent pay increase in late July 2001. Tasmanian secretary of the Manufacturing Workers' Union, Greg Cooper, said a union meeting on...
Tags: Benefits, Manufacturing, worker
Research articles 2001-07-26
Reforms throw a rope around our waterfront costs.
Dec 16, 2002 (The Australian Financial Review - ABIX via COMTEX) Sweeping reforms to work practices on Australian wharves in 1998 are reaping productivity rewards. This is the finding of a study by the Australian Competition & Consumer Commission ACCC, ordered by the Australian...
Tags: Australian Competition and Consumer Commission, Components, FINANCE, HARDWARE, PRODUCTIVITY
Research articles 2002-12-16
8,000 jobs lost in Sugar Co. shutdown.(TRINIDAD & TOBAGO)(Brief Article)
Caroni, the state-owned sugar company, has closed down with the loss of more than 8,000 jobs, reports BBC (Aug. 1, 2003): Caroni has lost hundreds of millions of dollars over the past decade. The workers who are being laid off will share a redundancy ...
Tags: British Broadcasting Corp., closure, Government, job, SOFTWARE, worker
Research articles 2003-09-01
South Africa's leading gold producer to shed nearly 2,000 jobs
JOHANNESBURG AFP — South Africa's largest gold producer Gold Fields announced Monday it was shedding nearly 2,000 jobs at one of its sites as it shifts to more mechanised mining methods. "The company initiated a voluntary retrenchment redundancy package because mining in our depleted mines was becoming difficult," Gold...
Tags: Agence France-Presse, Gold, job, worker
Research articles 2008-08-04
Euro will take our nationality
Regarding Norman Wilson's letter of Monday, June 16, I would like to reply with the following. Lots of people seem to think the problem behind the euro is all about the coinage. Not so, the problem is that we become a satellite of the European state, with this country...
Tags: Benefits, European Parliament, FINANCE, Taxes
Research articles 2003-06-19
Jim Shows Growth in the Garden | BTalk Australia
(21min 05) Jim Penman, the man behind Jim’s Mowing, says he loves recessions. They provide a new growth in franchisees who can help to meet the continual demand for gardening services. In a wide ranging discussion Phil Dobbie asks him about how he started out, what...
Tags: Business, Government, Vertical Industries, Phil Dobbie
Blog posts 2009-03-12
PHILIPPINE LONG DISTANCE TELEPHONE CO TO RETRENCH 500 EMPLOYEES.
MANILA, Nov 20 Asia Pulse - The Philippine Long Distance Telephone Company PLDT will retrench at least 500 employees manning its regional operators services effective December 31, due to reduced volumes of operators-assigned calls. PLDT said these employees will receive an enhanced retirement/redundancy package. In...
Tags: Philippine Long Distance Telephone Co.
Research articles 2002-11-20
Amcor workers get unwanted package.
Byline: Meaghan Shaw Aug 23, 2006 (The Age - ABIX via COMTEX) -- Over 120 workers at Amcor's corrugated box factory in Box Hill, Melbourne, will lose their jobs. The plant will close in March 2007. The 122 workers will be given...
Tags: Amcor Ltd.
Research articles 2006-08-23
$7.7 mil to say goodbye.
Sep 30, 2002 (Herald Sun - ABIX via COMTEX) Brambles' annual report has revealed the company paid a $A7.7 million redundancy package to John Fletcher. Fletcher orchestrated the successful merger between Australia's Brambles and British group, GKN. He has now been appointed Coles Myer...
Tags: Coles Myer, Commonwealth Bank of Australia
Research articles 2002-09-30
Infrequent flyers with first-class loyalty.
Oct 17, 2001 The Sydney Morning Herald ABIX via COMTEX -- Many employees of the failed Australian airline, Ansett Australia, have had little work since its demise. In the month since the airline's collapse employees have shared shifts at Sydney Airport, with an average...
Tags: Air New Zealand Ltd.
Research articles 2001-10-16
Aer Lingus pilots vote for industrial action
AIRLINE INDUSTRY INFORMATION-C1997-2002 M2 COMMUNICATIONS LTD A total of 97% of pilots at the Irish airline Aer Lingus have voted for industrial action in a ballot set up by the trade union Impact. Impact balloted the pilots last week in response to a redundancy package which they...
Tags: Aer Lingus
Research articles 2002-02-01
Avaya Offers Virtualized UC Solution Aura
Avaya's virtualized unified communications solution, Aura, is aimed at businesses with less than 2,400 employees. Unified communications UC company Avaya announced the release of its single-server V virtualization UC solution for companies with up to 2,400 employees, Aura.The Aura system platform, a real-time virtualization technology enables unmodified versions of Avaya Communication...
Tags: Avaya Inc., Solution
News items 2009-10-13
Simplicity-Minded Management
The Idea in Brief Big companies have always been complex. But to cope with new challenges such as globalization, they've increased their complexity--with proliferating products, tangled reporting relationships, and duplicated processes. They've become unwieldy, ungovernable, and...
Tags: Management, Simplicity, In Brief, Harvard Business Review, Ron Ashkenas, Finance, Business Operations, Human Resources, Marketing, Complexity, ConAgra, Branding, Financial Accounting, Organizational Structure, Operational Planning
Articles 2008-01-02
Everest Re Group, Ltd Q3 2007 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. [Operator Instructions]. And we will go to Tom Cholnoky with Goldman Sachs. Thomas V. Cholnoky - Goldman Sachs Hi. Good morning everyone. I have three questions, if I can. I know you didn't want get too much into the asbestos study, but...
Tags: U.S., Capital Management, J.P. Morgan Chase & Co., Call Transcript, Business, Quarter, Reinsurance, Earnings, Question, Reserve, Rate, Taranto, Joseph, Cat, Property Insurance Rate, Joe, William, Insurance, Business Operations, Corporate Insurance, Seeking Alpha
Earnings calls 2007-10-23