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End of Employment Settlement

The CBI have commented on the Business Secretary, Vince Cable's plans to introduce simplified settlement agreements, designed to enable employers and employees to agree mutually acceptable terms for ending employment.

Neil Carberry, CBI Director for Employment & Skills, said:

'Today's announcement will simplify the process of ending an employment relationship in a way which is acceptable to both sides.'

'Simplified settlement agreements will give firms the confidence to have a frank conversation about ending employment on fair terms, without the fear of a drawn-out and costly tribunal claim.'

'The CBI has long taken the view that simpler and more legally certain settlement agreements would be more effective for employees and businesses, especially smaller firms.'

Internet link: Press release

About Gillespie BS Limited

Established in 2007, Gillespie BS is an independent firm of chartered accountants and business advisors. We offer a comprehensive range of accountancy and business advisory services to private individuals and companies in many sectors.

The firm was established with the aim of delivering access to an all round business support service. We have recognised that there are more opportunities for our clients to succeed if they have multiple support services managed through one business partner...read more about us »

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