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ARTICLE · 07 NOVEMBER 2008

Difficult Times Ahead

The recent collapse of Lehman Brothers, the merger of HBOS with Lloyds and the nationalisation of Bradford & Bingley have removed any doubts that we face recession.

United KingdomEmployment and HR
Paul Johnstone
Paul Johnstone

The recent collapse of Lehman Brothers, the merger of HBOS with Lloyds and the nationalisation of Bradford & Bingley have removed any doubts that we face recession. The UK economy is already in serious difficulty and there is no obvious sign on the horizon that there will be any improvement in the short term.

Many businesses have already embarked on restructuring programmes which have resulted in compulsory redundancies and for organisations that have not yet had to face this ordeal, the guidelines set out below may help if you need to navigate the complex legal issues that must be addressed in order to ensure that a redundancy programme is carried out in a fair and reasonable manner.

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