Forcing employee to quit for cost reduction

Hi there rkrish! This is very common around the world. At times when a company is encountering some financial troubles, they have to come up with good strategies to be able to cope with these problems. One of which is to cut down on expenses or costs. Since salaries and wages is one of those costs that they can easily cut down on, then employees, especially those who are not yet permanent or regular, face the consequence. It's so unfortunate that such should happen but that's just the way it is.

Hi, In corporate culture it is quite common to cut down employees to reduce costs. They have to show profits to the share holders and market now is not very bright. Only the fittest can survive todays market

It is a common practice to cut down on employees when a company prophets fail because of the cost of production. If the product is not being sold then the logecial thing to do is to cut newer employees. If they don't then the company will close and everyone is out of a job.

This sad story happen everywhere nowadays. About the months ago, I read about one of the factory in my country was closed, right after the 'petrol hike tsunami', about 500 employees lost their job. Unfortunately in these case, some of the employee was partner ( husband and wife in the some factory ), so both of them lost their job in the same time...