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 employers want

Downsizing

Decreasing the number of permanent employees

Core

The central part of something (e.g. a company's workforce)

Efficiency

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

Rationalization

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

redundancy package

all the payments and advantages that a company gives to workers who have lost their jobs because they are no longer needed

restructuring

to organize a company, business, or system in a new way to make it operate more effectively (noun)

delocalization

to move the location of an enterprise (noun)