By Bev Budsworth, MD of the Business Debt Advisor Covid Crushed (Zombie) Business I am not a fan of the term “Zombie”for a business but it does paint a picture. There have been many articles written about Zombie businesses over the years. The term originated in the 1980’s with economists...
Do you need to make staff redundant but cannot afford the cost?
Employers Obligations Employers must make statutory redundancy payments to redundant employees who meet the qualifying criteria for redundancy under the Employment Rights Act 1996. In most cases this will be employees who have worked continuously for their employer for 2 or more years. You are required by law to consult...