(business) economic reasons
Explanation: Source: Kluwer's Terminologie Financieel Management by chartered accountant Van Amerongen:
bedrijfseconomie – business economics, industrial economy, managerial economics, industrial economics
• bedrijfseconomische huur – economic rent
• bedrijfseconomische kosten – economic costs
• bedrijfseconomische winst – economic profit
• bedrijfseconoom – business economist, industrial economist
A firm's financial situation as opposed to operational reasons might be so tight that it can no longer afford paying the salaries of a number of personnel.
-------------------------------------------------- Note added at 2 days16 hrs (2008-08-12 00:30:27 GMT) --------------------------------------------------
Source: Reference found by Jary:
"When can you be dismissed?
An employer must have good reasons to dismiss you. You cannot be fired just like that.
Reasons for dismissal
You can be dismissed:
for (business) economic reasons. For example if a reorganisation is taking place or a company is closing down or relocating. It can also happen when part of the company’s activities are being closed down; "
|  Albert Stufkens Local time: 12:51 Specializes in field Native speaker of: Dutch, English PRO pts in category: 86
|
|