Vocabulary Basics for Business [Electronic resources]

Barbara G. Cox

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Termination

Employee Notice

Due to a lack of customers, our firm has lost money four months in a row. Unfortunately, this makes it necessary to terminate the employment of several people working for our company. These employees have not yet been identified, but the decisions will be based on seniority. We assure you that anyone who is discharged for these reasons will be given a letter of recommendation as well as generous severance pay. We are very sorry that this action has become necessary.

WHAT DO YOU KNOW?

Circle the letter of the phrase that best completes each sentence.

1	Several employees will (a) be sent to work in the stock terminal; (b) be promoted; (c) be fired.
A1:	(c). The notice indicates the need to terminate the employment of several persons. To terminate means "to end." In familiar, casual language, the employees will be "fired."
2	Employees will not be fired who (a) are old; (b) have children; (c) have worked for the firm the most years.
A2:	(c). Seniority refers to length of employment. Employees hired the earliest have the most seniority. The announcement says that the decisions will be based on seniority. Employees will be kept who have the most seniority.
3	Employees will receive severance pay (a) if they have lost a finger or hand on the job; (b) if they have worked for the firm the longest period of time; (c) if they are discharged from their job.
A3:	(c). Severance is a word similar to terminate. Severance pay is an amount of money given to individuals who are terminated from a job.

TERMS RELATED TO TERMINATION

terminate end or put a stop to, as to discharge from a job

retention keeping employees over a period of time

severance pay an amount of money sometimes paid to an individual being discharged or laid off from his or her job

seniority priority due to length of employment