04.05.2020

Restructuring as we Exit Lockdown

 Show Interest

Restructuring as we Exit Lockdown

 Show Interest

Many employers are considering restructuring as we exit lockdown.  This may involve making redundancies, putting people on short-time working, or making other changes to their contracts of employment. 

This is unique opportunity to make changes to the structure of a business. Normal employment law rules still apply, but robust decisions can be taken in the circumstances. The priority is to ensure that businesses continue to survive and grow in the new economic climate.

Now is the time to put plans in place to manage the restructuring process. This involves assessing the business needs going forward and looking at how best to meet them.  Once this is done, we can begin to look at the steps needed to implement your plans. 

This may involve drawing up selection criteria and setting a timeline for consultation.  This applies where people may lose their jobs due to redundancy.  It also applies where you need to make changes to terms and conditions of employment.  For example, if you want to reduce someone’s hours or pay, even temporarily, you must consult with them about this and seek their agreement. 

At the end of the day, if the changes are justified, you can make them. It’s important to be 100% clear on why you need to make the changes. You can then set out your business case and explain this to your employees. 

If you would like help restructuring your business – whether that’s help drawing up your business case, putting your plans and a timeline in place, deciding on selection criteria or handling difficult conversations with your employees – I am very happy to help.

  • redundancy
  • employment contracts
  • Restructuring
  • HR & Legal advice
  • Employment and hr

I am a qualified employment law solicitor with over 25 years' experience working for the most part with employers. All businesses are vulnerable to tribunal claims from employees. I specialise in…

Financial Services

"I own a hotel and restaurant, and need a loan..."

Hotel, Restaurant and Leisure Finance How do you (re) finance your hotel, restaurant, pub, or fitness center to prepare…
Training and Development

DON'T LET REJECTION DEFEAT YOU.

“I’m sorry but we won’t be taking your application for the post of project manager any further!” The wind just caught…
Accountancy

This week's top tip from the Small Business Accountant

Good people and associates are vital. They make life easier. Making the right decision saves time and money further…

More Articles

Training and Development

HOW TO BE HAPPY WITH AND IN YOUR CAREER.

If you think about those times in your life when you have been on your way to somewhere you wanted to go, whether…
Training and Development

HOW'S YOUR SELF CONFIDENCE THESE DAYS?

You are far more capable than you think you are. Let me offer you a simple proof. It will take 5 minutes of your time:…
Financial Services

TAX MATHS - GIFTING

Investing money in your grandchild’s future from an early age, rather than gifting it to them once you’re gone, could…

Would you like to promote an article ?

Post articles and opinions on London Professionals to attract new clients and referrals. Feature in newsletters.
Join for free today and upload your articles for new contacts to read and enquire further.

Find the right professionals in London

View The Full Index

Search By:

Submit your Enquiry here

Enquiry Details

Contact Details