A (1) __________ is the permanent separation of a single employee while a (2) __________ is the temporary reduction of employees.
(1) layoff, (2) downsizing
(1) layoff, (2) termination
(1) termination, (2) layoff
(1) downsizing, (2) layoff
The correct option is : (1)termination, (2) termination
Termination of retrenchment is the full cancellation of the contract between the employer and the employee. It is non-volatile ie. it results in full termination of services. Major reasons for termination are:
A Layoff is a temporary cessation of work when the employer reduces or stops and employee's work without terminating their agreement,Layoff is volatile ,ie.employees are recalled once the layoff period gets over.
On the other hand, downsizing is the releasing of employees from the organization as the work no longer needs them reason being restructuring of organization by outsourcing or automation of jobs using technology.
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