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Tag Archives: recession
While most of the countries, including England, suffer recession everyone is afraid what the future can bring us. And here is one more thing which might make us even more stressed.
A move to allow employers to sack underperforming workers, without explanation, is the key recommendation in the Downing Street report leaked to The Daily Telegraph.
It says that British workers should be banned from claiming unfair dismissal so that firms and public sector bodies can find more capable replacements.
Under current regulations, workers are allowed to “coast along” and employers are left fearful of expanding because new staff may prove “unknown quantities” who are impossible to sack, the report says.
However, Mr Adrian Beecroft- the capitalist and Tory donor, warns that simply scrapping the law would be “politically unacceptable”. He therefore recommends a replacement regulation, called Compensated No Fault Dismissal, which would allow employers to sack unproductive staff with basic redundancy pay and notice.
Mr Beecroft concedes that a “downside” under his new scheme is that employers could fire staff because they “did not like them”. He also insists that making it easier for firms to sack under-performing staff will boost employment, rather than increase unemployment.
Shall we start worrying about our future in the organisation? The hit may come if not today then tomorrow.
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By in Economy
November 03, 2011 - 09:20 am
The government is willing to give more money to International Monetary Fund that could help struggling Eurozone nations.
Prime Minister David Cameron will meet with leaders of the G20 in France to discuss the crisis in the eurozone. He proposes measures to strengthen the G20 group of nations. He said that it has become even more urgent to put meat on the bones of this plan to show that we’re removing one of the key obstacles to global growth, which is the failure to agree a proper plan to deal with problems in the eurozone. The UK currently provides £29bn ($46bn) of the IMF’s £600bn ($950bn) lending capacity.
Efforts of France and Germany have warned that the next 8bn euro (£7bn) of rescue loans for Greece will be withheld until after a bailout referendum, expected in early December.
The International Monetary Fund, to which Britain is the largest contributor, made clear its willingness to intervene and improve the bailout fund in the euro area.
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