On January 12, applications close for IBRC’s [Anglo’s] severance programme. Departing workers will receive four weeks’ pay per year of service including statutory pay. Though the offer is a substantial drop from the six weeks package on offer in 2009, interest is expected to be high. IBRC is targeting 350 redundancies. The package was rubberstamped by the Department of Finance, and it is pretty clear that it will be a benchmark for future redundancy packages.
Brian Carey, Sunday Times (behind paywall)
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