Job cuts have been making headlines of late, with the likes of ANZ, Westpac and Qantas just some of the major corporations announcing mass redundancies within their workforces.
The end is far from sight. With a strong Australian dollar at home and ongoing turmoil in financial markets overseas, many businesses are struggling to cut costs and the prospect of redundancies rears its ugly head again.
For many employers contemplating redundancies for the first time since the Global Financial Crisis in 2008, this will be the first time they have done so under the National Employment Standards (NES) introduced by the Fair Work Act 2009 (the Act).
The rules for redundancy have changed since 2008, so employers may need to re-think old redundancy processes to ensure they comply with their legal obligations.
What are employers required to do under the Act when making employees redundant?
