Strategic Planning on the Redundancy

Strategic Planning on the Redundancy

There are four potential schemes which could be used either individually or collectively by the Company’s administration as part of the redundancy. The first scheme (see Scheme 1 below) provides a possibility for implementing an actual redundancy based on a statutory provision contained in Uzbek Labour Code entered into force as of 1 April 1996 (the “Labour Code”), which refers to the termination of employment on the initiative of the employer as a result of changes in technology or organisation of production and labour, reduction of production volumes entailing changes in personnel (staff), changes in the nature of work, or liquidation of the enterprise (Article 100 of the Labour Code).

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Strategic Planning on the Redundancy

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