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Redundancy and settlement agreements for senior executives during COVID-19

COVID-19 is impacting businesses around the world, and the effect on the global economy is only just starting to be felt. Economists are warning of a substantial economic crash, and so businesses are having to make tough decisions in order to protect the viability of their company as best they can. Unfortunately, this will mean that many individuals will face possible redundancy, and this is at all levels of seniority, including senior executives. Here we consider what senior executives need to be aware of and what issues are likely to arise in the coming months.

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Considerations for senior executives during COVID-19

The coronavirus pandemic has had an unprecedented impact on the world's economy and presented challenges for many businesses. For many senior employees and executives,  pay has been scrutinised in light of the issues many companies are being faced with, such as redundancies, lay-offs and furloughed staff relying on government funding.

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Cavendish Law wins 'Best Employment Law Firm 2020' at Legal 100 awards

Cavendish Employment Law are pleased to announce that they have won 'Best Employment Law Firm 2020' at Lawyer International Legal 100 awards. 

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Coronavirus Job Retention Scheme: what does it mean for employers? 

Coronavirus (COVID-19) has significantly impacted businesses in the UK, with whole industries - such as hospitality and travel - almost grounding to a halt, leaving many employers facing tough decisions when it comes to staff retention. 

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How can I avoid making redundancies in the coronavirus crisis? 

A recent People Management and CIPD survey revealed that a quarter of UK employers expect to make permanent redundancies in response to the coronavirus crisis. At the same time, more than half are predicted to furlough staff members. 

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