Sentence examples for executive redundancy from inspiring English sources

It "beggars belief" that the trust did not locate key documents about BBC executive redundancy payments, the PAC said, contributing to "confusion and lack of transparency" about what had been proposed, discussed and approved.

Mark Byford, a former BBC deputy director, speaking for the first time since the payoffs row erupted, said on Tuesday that he accepted his payoff was "a lot of money" and that the focus on executive redundancy payments had led to criticism of the BBC.

Paying senior executives redundancy settlements in excess of their contractual requirements is part of the BBC's culture, the Trust chairman has said.

He says there has been "continuous dialogue" between the BBC Trust and executive about redundancy payouts and that it has been subject to value-for-money tests.

The initial cost of the departures could rise to nearly £2m as several executives negotiate generous redundancy payments.

It's not just White Van Man who lives in daily anxiety about where his next paycheck is coming from, but middle-class, middle-aged executives who know redundancy is always around the next corner.

A trawl through the accounts found that 150 outgoing executives had received redundancy packages totalling £25m between 2009 and 2012 - much more than their contracts entitled them to.

And he concluded that "the salient fact was fairly clear… One very highly paid BBC executive got a whacking redundancy payment for a close colleague with whom he 'sometimes' socialised.

Renishaw's founder and chief executive, Sir David McMurtry, said redundancy was a "distressing process for everyone involved" but that earlier attempts at combating the recession, including pay cuts and a four-day week at the Wotton-under-Edge plant, had not been enough to avoid redundancies.

Salford City Reds have announced the departure of chief executive David Tarry due to redundancy.

"In view of this, Sheena Ramsey has decided to step down from her role as chief executive and take voluntary redundancy.