When you run a business and have staff, you may find a time comes when you wish to restructure your company. If so, this could affect your employee\u2019s role, potentially leaving them without a job. As a result, it is essential that you follow the appropriate processes to let your employees go. This article will explain some legal aspects of restructuring and redundancy for small business owners.<\/p>\n\n\n\n
If you restructure your business, this means that you make changes<\/a> to your company in terms of either:<\/p>\n\n\n\n Restructuring could be beneficial, as it may allow your business to operate more efficiently and plan well for the future. However, it can also include cutting out activities that do not align with your future commercial goals. Therefore, you may need to make redundancies when you restructure your business. <\/p>\n\n\n\n Redundancy means dismissing employees to reduce your workforce. For example, if your business restructuring includes using labour-saving technology, some of your employees’ job roles are no longer required. <\/p>\n\n\n\n If you think you may need to consider redundancies, you need to first consider other actions you can take. For example, you may be able to:<\/p>\n\n\n\n\n
What Do I Need to Do if I Am Considering Redundancies? <\/h2>\n\n\n\n
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