keyterms unit 16 efficiency and employment

job insecurity

the fear that you might lose your job

employability

the extent to which a person has skills that empoyers want

downsizing

decreasing the number of permanent employees

core

the central part of something (e.g. a company’s structure)

efficiency

a situation in which a person, company, factory, etc. uses resources such as time, materials or labour well and without wasting any

rationalization

to make a company, way of working, etc more effective, usually by combining or stopping particular activities or by employing less people

redundancy package 

all the payments and advantages that employers give to their workers who have lost their job because they are no longer needed

restructuring

to organize a company, business, system, etc in a new way to make it more effective

delocalization

to move the location of an enterprise