It's also lower than the annual cost of employing the person so in the medium to long term it's an efficient way to reduce staff numbers and salary commitments.
But where the work is still being done, just outside Staffordshire, that'll hit local businesses unless new local jobs are created, since my job has been uncertain I've reduced my 'luxury' spending on clothing, fruit, socialising and entertainment, living on the bare minimum, knowing these redundancy cuts were coming which would have been my safety net for the 6-12 months it could take me to find work.
But where the work is still being done, just outside Staffordshire, that'll hit local businesses unless new local jobs are created, since my job has been uncertain I've reduced my 'luxury' spending on clothing, fruit, socialising and entertainment, living on the bare minimum, knowing these redundancy cuts were coming which would have been my safety net for the 6-12 months it could take me to find work.