"It also depends on making significant numbers of staff redundant, but the agency doesn't yet have the resources to fund the redundancy payments required," she added.
It left 88 staff redundant, and £15.3m debts to suppliers and landlords wiped clear, along with £700,000 owed to the taxman, who must also pick up the redundancy payments.
After two years I was made redundant again, a month before I was due any redundancy payment in March 2010.
Likewise, if you've just been made redundant and have mortgage payments to meet, you'll be banking on better days ahead.
Redundant workers receive an average subsistence payment of just over $100 per year, less than half the national average.
Sources: International Labour Organization, Key Indicators of the Labour Markets Net (4th edition, 2005); national sources Redundancy Cost: estimate of the cost of advance notice requirements, severance payments, and penalties due when terminating a redundant worker, expressed in weekly wages.
No one questions the need to identify billing mistakes; but the flood of new auditors is deluging hospitals with redundant audits, unmanageable medical record requests and inappropriate payment denials.
Zurich, for example, offers a payment holiday of up to 12 months for some of its life and critical illness plans, while Lloyds TSB is allowing any customer made redundant before the end of the year to freeze payments on their Home Solutions insurance policy.
Higher values indicate more rigid regulation Firing Cost/Redundancy Cost: estimate of the cost of advance notice requirements, severance payments, and penalties due when terminating a redundant worker, expressed in weekly wages.
This subcomponent is based on the World Bank's Ease of Doing Business data on the cost of the advance notice requirements, severance payments, and penalties due when dismissing a redundant worker.
