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LATEST NEWS & EVENTS Redundancy rate decreases  The redundancy rate in the UK has decreased by 5.8 per 100 employees, which is an improvement on the previous year's rate of 8.5. In the three months prior to August 2010, 143,000 people had become redundant before the publication of the Office for National Statistics figures. This reflects a decline from the 17,000 that encountered redundancy in the three months prior to May. In addition, there were 459,000 job vacancies in the three months to September, constituting as a 30,000 decrease from the three months to June but a 26,000 from the comparative months in 2009. This news comes after staff employed in government departments and non-departmental public bodies reached an agreement on a new redundancy compensation plan with the Cabinet Office earlier this week. The agreement concerns 180,000 employees in departments, agencies and other public bodies represented by the five unions Prospect, FDA, POA, GMB and Unite. Reforms outlined in the agreement propose several changes, including a ceiling of 21 months' pay plus three months' notice for voluntary redundancy, unreduced pensions to those aged over 50 and taper protection for reserved rights. Posted by Gaby Hamerton 
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