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Company that make staff redundent should have bonuses capped

Submitted on Friday 27th January 2012

Published on Monday 30th January 2012

Current status: Closed

Closed: Monday 30th July 2012

Signatures: 2

Petition Action

Company that make staff redundent should have bonuses capped

Additional Information

Government to legislate prohibiting bonus payments of greater than a percentage of salary (i.e. 5%) if a company has made people redundent in the last 12 months.

The objective being to protect long term employment over one-off payments by introducing a 'management cost' to redundencies.

Equivalent 'bonus' cash would then be available for company investmentment and growth (recovering lost jobs) or paid to shareholders via dividends


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