Which of the following methods were used to reduce the size of workforce? Layoff/ retrenchment
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Description
Definition
Layoff: termination of employment initiated by the employer due to economic reasons. It may be permanent or temporary.
Permanent: complete and total separation of the worker from the establishment
Temporary: layoff of worker for not more than six months.
Retrenchment: Refers to layoff due to economic reasons
Universe
Establishments whose management intentionally reduced the size of the workforce at any time in 1998