ATAR Notes: Forum

VCE Stuff => VCE Business Studies => VCE Subjects + Help => VCE Business Management => Topic started by: jsimmo on August 05, 2008, 09:18:51 pm

Title: Redundancy and Retrenchment
Post by: jsimmo on August 05, 2008, 09:18:51 pm

Are they the same or different? [how are they different?]

I have heard that they are the same but I have also heard that they are closely related but are actually different..

"When an employee is retrenched (there is no longer a position available for them within the organisation) they are referred to as redundant"

Could someone expand on the above statement? Thank you.

Title: Re: Redundancy and Retrenchment
Post by: costargh on August 05, 2008, 09:22:50 pm

They are essentially the same, its just the way you use the term. An employee is retrenched while a position at an organisation is made redundant.