ICANBusiness, Management and FinanceHuman Resource Management2024

Evergreen Pharmaceutical Company Limited (EPCL) is a Nigerian pharmaceutical manufacturing company listed on the Nigerian Exchange Group (NGX). The company employs 320 staff and operates from its head office in Abuja and a manufacturing plant in Kaduna. Following a recent CBN-driven economic reform that increased operating costs significantly, EPCL's management is considering restructuring its workforce. The proposed restructuring involves retrenching 60 employees from the Kaduna plant and merging two administrative departments. The HR Director, Dr. Ngozi Eze, has been asked to advise management on the human resource implications of the restructuring exercise, including how to manage the process fairly and in compliance with applicable Nigerian laws. Required: (a) Explain the term 'redundancy' and state FOUR criteria that EPCL must observe to ensure the redundancy process is fair and legally compliant under the Nigerian Labour Act. (10 marks) (b) Identify and explain THREE strategies EPCL could adopt to minimise compulsory redundancy among its workforce. (9 marks) (c) Explain the concept of 'outplacement' and state THREE specific outplacement support services that EPCL should provide to the affected employees. (6 marks) Total: 25 marks

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