Redundancy retention policy

Company statement

 

[Name of Company] ("the Company") will operate this retention policy in a reasonable, fair and consistent manner and without direct or indirect discrimination against any employee.

 

Outline objective and operation policy

 

The Company may have to make redundancies from time to time. In such circumstances, the Company may wish to encourage certain key staff ("[Critical Keepers]") to remain in its employment beyond the usual date of redundancy until such time as their services are no longer required. The Company will select such [Critical Keepers] at its absolute discretion.