When other cost-cutting options have been exhausted, reducing staff numbers may be necessary to stay solvent in a tough economic climate.

The thought of making redundancies is likely to provoke a feeling of dread in employers. Not only does it mean letting go of staff who may have performed perfectly well; it will also affect the morale of those who remain.

Read the full article courtesy of the Institute Of Directors.

http://www.iod.com/home/business-information-and-advice/employment/hot-topics/making-redundancies/default.aspx