Redundancy
Sir, —In reply to G. D. Stairmand’s views on redundancy (June 2), I would like to suggest an alternative that has been put forward by Garry Knapp. Where workers become redundant, instead of a redundancy payment being paid in cash, they should receive an equivalent value of shares in the company that fired them. Of course, this would be silly if the company was in a hopeless financial position, but so is G. D. Stairmand’s suggestion in those circumstances. Mr Knapp’s suggestion has the advantage that it does not deprive the company of capital which it is likely to need if it is making workers redundant. It also allows the workers. to share in the profits the company gained by sacking them. — Yours, etc., A. E. SCOTT. June 5, 1989.
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Press, 12 June 1989, Page 20
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131Redundancy Press, 12 June 1989, Page 20
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