. It also said that they expect the exercise of people exiting by the end of 2011(did I get that bit wrong?).
In which case that will be a total disaster for them.
IF you making people redundant do it quickly, cleanly and move on.
This is for the people leaving as they can get on with their lives and hopefully get another job without the demoralising effect of being made redundant hanging over them for months before final day.
It is also more relevant for the people staying. The effect on Morale will be severe and if done quickly then can start to look forward quickly. If it takes months then it affects morale because some are going some are leaving and you are left with neither one or the other. People always forget the psychological affect that redundancy has on the people who are staying.
I raise the cash issue as well as if there is another 15 months before everybody goes then you pay them up to they leave and it would be foolish to expect people to offer 100% commitment just after you told them they were surplus to requirements.
EI is bleeding cash and saving £X million doesn't happen quickly as you have to pay redundancy sooner and its unlikely in cash terms you will show a real saving until 12-18 months after last person has left.