Alternative Redundancy Measures to 'Limit Damage'

With every day bringing news of more job losses there are some employers who are adopting alternative approaches to redundancy. KPMG in preparation for the downturn has launched an innovative programme called Flexible Futures. Having invested heavily to create a highly talented and engaged workforce, partners and staff can volunteer to reduce their working week or to take 4 and 12 week's leave at reduced pay. On the Island of Himeshima, Japan, the island's inhabitants sacrifice wages and regular hours to keep everyone in jobs. As a result they haven't been as hard hit by the global economic situation.