Difference between revisions of "Laidoff"
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(New page: '''Laidoff''' is an act whereby employed individuals are informed by their company that their work is not required in the immediate future. Generally, this is a temporary period of unemplo...) |
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| − | '''Laidoff''' is an act whereby employed individuals are informed by their company that their work is not required in the immediate future. Generally, this is a temporary period of unemployment | + | '''Laidoff''' is an act whereby employed individuals are informed by their company that their work is not required in the immediate future, sometimes indefinitely. Generally, this is a temporary period of unemployment and most times this does not mean the individual is jobless. The financial economics of a company dictates being laidoff. Other times, a workforce is laidoff for a holiday season. A striking union worker is considered laidoff until negotiations over job demands are met. |
[[Category:Dictionary]] | [[Category:Dictionary]] | ||
Revision as of 16:59, December 22, 2008
Laidoff is an act whereby employed individuals are informed by their company that their work is not required in the immediate future, sometimes indefinitely. Generally, this is a temporary period of unemployment and most times this does not mean the individual is jobless. The financial economics of a company dictates being laidoff. Other times, a workforce is laidoff for a holiday season. A striking union worker is considered laidoff until negotiations over job demands are met.