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Reasons for redundancy & things to keep in mind
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Things to keep in mind
If you have unfortunately been made redundant, you must bear in mind:-
-Redundancy is difficult not only for you but for the employer who has to make that decision to go through the process and actually do it.
-Other people in the company will also be feeling it whether they are also being made redundant or not
– it is difficult for everyone.
-It should not be taken personally.
-Ask questions so you understand what is going on and you know where you stand.
-Speak to professionals so you feel comfortable with the process and know what to expect.
-Think ahead and start searching for a new job straight away. You can start going for interviews whilst you are working your notice period.
-You are not alone. Redundancies happen all of the time. It is stressful and traumatic but there are many resources to help you get back on track.
-Try to think positively and that you will find a new job. There will be something else out there for you and it may in fact be a blessing in disguise.
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Reasons for redundancies
There are many reasons for redundancies. These are just some of the many reasons it may occur:
-Reduced profits
-Losses
-Mergers and takeovers
-Changing markets and technology
-Requirements for different skills
-Exchange rate changes
-Poor management
-Competition
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