Top 10 tips for handling the redundancy process

The “credit crunch” is being felt across the country. In the City of London workers are facing unprecedented lay-offs as banks and other employers react to the slow-down by making redundancies in swathes.

Redundancies are a way of life in the City. As one employer is firing, it is not uncommon to find another one hiring, so people can often move from job to job. However, unlike past lay-off situations, few organisations are recruiting at the moment and so employees are more willing to fight for their jobs. They are equally determined to fight for compensation if they are unsuccessful.