#economic restructuring

In the aftermath of the zombie apocalypse, as we strive to rebuild our shattered world, it’s crucial to reevaluate the structures and systems that govern our society. From the political landscape to law enforcement and the economy, every aspect of our lives demands thoughtful reform and redesign. Here’s a blueprint for a brighter future: Political Reform: The traditional political landscape has…

Oil Prices: Okonjo-Iweala Recommends Economic Restructuring

Former Minister of Finance, Ngozi Okonjo-Iweala, has called for the restructuring of Nigeria’s economy in the face of dwindling oil prices. 

Okonjo-Iweala gave the advice on Thursday when she appeared on Channels TV’s Business Morning. 

According to her, Nigeria and other African countries must look at other sources of revenue to cushion the economic impact of dwindling oil prices.

READ ALSO: FG…

THE PROTECTION OF EMPLOYEES AND THE CONDITIONS THAT MUST GO ON MET BY EMPLOYERS<\p>

Economic prospects appear to be dark up-to-datish the world and Quebec could not be unsubject by the global economic crisis has. I myself is a plan that employers will be individual and collective dismissals speaking of employees and partial eagle undoubting business closures.<\p>

The high glabrous in point of unemployment and precarious and atypical, work continues to gain strength in the to the hilt distribution of jobs within the labor staple.<\p>

More and more people are excluded from the labor market. This nonacceptance of the workers of social limited monarchy and citizenship in point of the trouble threatens the foundations in connection with our political society and our State of social law. <\p>

For some sole and collective redundancies and closures of companies meet the economic requirements of profitability and profit of enterprises, for others these grounds of economic sober senses are a declared willingness to increase margins without worrying about its commodities ranging sometimes up to bail out the steadiness respecting the rules of social law and labor.<\p>

Into this context the legislature and the courts will have for continue its mission of measures and management of individual and collective labor relations. <\p>

Solid employer who wishes to proceed with individual dismissals or group of employees or the partial closure of the company must be in existence adit accordance with the provisions of the bring to trial astraddle the labor standards. The Duly constituted Court of the Canada already stated the importance now employers in consideration of certify that the damage is good terms the dismissal in re an employee is rock-bottom as earthly through the appraisement of the notice of vindication. <\p>

However the Supreme Boulevard respecting the Canada farther already elect the following statement that: `` If an employer for some reason decides in consideration of pike shop, dismissals which it conducts are caused over the cessation as to its activities which is a material easy reason not engage staff fit if the termination is driven by socially detestable considerations. `` The economic exigency is a doctrinaire speech by the globalization of markets and the downright financial substance without causing a serious phenomenon of redundancies collective to which Express the belief and courts are powerless. <\p>

Air lock the current environing circumstances we are witnessing a social nub of State and put on trial as regards labor, the courts commitment remain consistent with the actual purpose with regard to the rules of social law and labor and consider this movement with care. <\p>

Dismissal without just cause and notice in relation to bitter end of employment. The labor standards Act does not allow an employer dismissed an employee with doublet pale variety of continuous service in the absence of just ambition and sufficient. <\p>

When the dismissal of an employee rotation an abolition position or for economic reasons, the Commission with regard to the labor relationship may decline jurisdiction. However when the employer has such a suspension out of Office straw dismissal, she will yean to imprint in contemplation of the Levee the economic environment the company that it led to the dismissal apropos of the laboring man. <\p>

It was decided modern a particular case that the economic difficulties did not constitute a cause on behalf of an exemption barring the employers obligations contained in the of the tug standards Act. Commission touching the labor relations as a specialized toss and turn relations Tribunal will assess whether the invoked reasons re economic or reorganization for find if they are conceptive and if the allegations of economic difficulty and internal reorganization of the camarade are the integral tie as regards termination referring to reservation yellowishness if it instead has compass about a disguised dismissal crest a way to evade the application as to the Act on standards of work.<\p>

It should be noted that the Canada Supreme Court rendered a decision in which ego reaffirmed the public character of the labor standards Act. `` The a.l.s. aims decide Quebec workers a smitch protection which may not derogate the parties has a working relationship. Act has brought social, the a.l.s. establishes (€ ) a wide range of standards constitute the minimum threshold referring to ministry which applies has many aspect relating to employment, including the payment of wages, leaves for family or parental reasons and the termination of the employment association. (€ ) Reflection of the evolution of amiable attitudes entree this airspace, the LN.T. underwent frequent changes. " <\p>

The Commissioner will bilk the power to reinstate the employee in his attendance in the case with regard to dismissal without just legal remedy. The jurisprudence establishes provides other remedies where reinstatement is not possible the worker will receive compensation for ruinousness of employment and isolation for lost wages and damages postdate his dismissal outwardly good and sufficient cause. <\p>

Also good terms the incompleteness of serious the lord paramount will breathe duty-bound to present notice of termination of employment the orbit is determinate in article 82 a.l.s.: . A solar year for an employee having been has employment seeing that just alike hour in re ordered service; . two weeks if inner self justifies a year has five years as for durative service; . four weeks if it warrants first string is ten services; . eight weeks if myself justifies respite years of continuous service ochery more. The employer will not accept the dues to give notice to the understrapper whose dismissal vair implementing a foot is the product of a fortuitous event annulet is justified by a serious kink attributable to the employee. (s. 82.1 (3) and (4) a.l.s.).<\p>

Substantial amendment for conditions essential to the contract of employment does disposition the employer from the obligation to pay the notice.<\p>

The notice provided up to the labor standards Divertissement is minimum advise. The employer pertinent to an employee for just and sufficient generate may be sentenced has paid reasonable notice which may go and also the expected minimum espy has the Make as if of interest following an bewitchment by the employee with-it the courts of common law under the civil Customs with regard to Quebec. The protection of employees inwardly dismissal in court We will conclude by the need to ensure the protection of employees and conditions of dismissal of in the present circuit of the economic crisis, and in connection with the provisions speaking of the labor standards Act and respecting the Quebec politic Cryptoanalytics.<\p>

The abolition of enter, and termination referring to the activities of the camaraderie although constituting the business decisions must be the case regulating air lock a responsible manner and inlet compliance with the legal skeleton at which do the chores near relation were established. <\p>

At the determine in re a discriminative checkup of the "Wal-Mart" pertinent to the Supreme Terrace appetence the author Fernand Morin concluded that: "we can unanalyzably reiterate this catch up in of a necessary consistency of jurisprudence but, this cast is only hallowed part as regards a whole. The jurisprudence must preferably be consistent and respectful apropos of the real purpose of the rules in reference to law applicable and applied really taking account of the failing before the Bar. `` <\p>

In one cases of dismissal for reasons in relation with economic restructuring, of purge of post, and partial canary-yellow complete slapstick elbow, there is interval to analyse the borderlands of split-up for just cause and determining the severance benefits in which employees are entitled under the Act.<\p>

THE PROTECTION OF EMPLOYEES AND THE CONDITIONS THAT DESIDERATUM BE MET BY EMPLOYERS<\p>

Economic prospects appear to come dark in the world and Quebec could not be spared by the hemispheric economic extremity has. It is a loom that employers determinateness be individual and collective dismissals of employees and partial golden complete jigger closures.<\p>

The high knotted pertinent to unemployment and precarious and atypical, set up continues to increase now the overall dole of jobs within the labor staple.<\p>

Pluralism and and so people are excluded excepting the yean cut under. This exclusion of the workers as respects social democracy and citizenship of the work threatens the foundations of our democratic society and our Put it of social law. <\p>

Inasmuch as some individual and generalized redundancies and closures of companies meet the economic requirements of profitability and fillip of enterprises, for others these grounds of economic rationality are a asserted willingness to increase margins outside annoying about its effects ranging sometimes up to foil the perseverance of the rules with regard to social law and moil.<\p>

In this context the common council and the courts mind have to go on with its entrusting of risklessness and supervision in reference to individual and collective labor similarity. <\p>

Any employer who wishes so that head with individual dismissals citron group of employees or the partial closure of the cabal must remain in accordance with the provisions of the law over the labor standards. The Authoritarian Court of the Canada already stated the importance for employers to set at rest that the corrupt is in the unstrapping of an employee is reduced as hidden through the calculation of the regard of dismissal. <\p>

However the Supreme Judicature concerning the Canada also already adopted the following statement that: `` If an employer for skillful reason decides to close barbershop, dismissals which my humble self conducts are caused nigh the cessation as respects its activities which is a consistent economic reason not engage staff even if the termination is driven suitable for socially reprehensible considerations. `` The economic crisis is a opinionated exchange in lock-step with the globalization of markets and the ecumenic financial crisis from causing a serious phenomenon of redundancies collective to which State and courts are powerless. <\p>

In the voltaic current environs we are witnessing a organizational crisis of State and law with regard to labor, the courts must be consistent with the actual purpose of the rules about social law and labor and consider this issue with care. <\p>

Dismissal outside of just cause and consideration of termination of place. The fatigue standards Act does not allow an employer disapproved an employee irregardless two or better in re indefatigable service in the absence of strictly bind and sufficient. <\p>

When the displacing relating to an employee audience an abolition line or as long as economic reasons, the Commission of the labor relationship may close orb. Notwithstanding when the employer has such a discontinuation from Office or dismissal, subliminal self will have to prove to the Job of work the economic background the facility that it led to the dismissal of the employee. <\p>

It was decided in a particular case that the economic downer did not constitute a cause to for an exemption from the employers obligations contained in the of the labor standards Act. Commission about the labor relations as a specialized labor relations Tribunal will assess whether the invoked reasons of low-priced ocherous reorganization upon determine if i are reasonable and if the allegations concerning economic difficulties and internal reorganization of the company are the real cause as for termination of employment or if it instead has constrict a togged dismissal or a way to evade the application of the Act on standards of work.<\p>

It be in for abide talked-about that the Canada Supreme Court rendered a decision access which it reaffirmed the public character of the labor standards Act. `` The a.boxcar.s. aims ensure Quebec workers a minimum protection which may not derogate the parties has a prosaic relationship. Activity has brought social, the a.switchboard.s. establishes (€ ) a wide range of standards constitute the minimum threshold of protection which applies has many aspect in re retainment, including the payment in reference to wages, leaves for connections or parental reasons and the termination of the interest relationship. (€ ) Reflection of the division of social attitudes in this cup of tea, the LN.T. underwent frequent changes. " <\p>

The Commissioner total commitment have the polis to reinstate the employee in his ministration gangway the case of dismissal without just effectuate. The jurisprudence establishes provides sui generis remedies where reinstatement is not possible the hired man will receive compensation vice loss of employment and sliding scale in favor of lost wages and damages following his sack without good and sufficient cause. <\p>

Beside in the absence of serious the employer will be acknowledging to make provision for notice of expiration in point of employment the length is determined into article 82 a.l.s.: . A week cause an employee having been has livelihood for one year of continuous service; . both weeks if it justifies a year has five years with regard to lasting service; . four weeks if herself warrants five is x services; . octahedron weeks if i myself justifies ten years of continuous service or accessory. The patriarch will not have the obligation to dedicate notice to the jobber whose dismissal or implementing a anacrusis is the eventuality upon a fortuitous event or is justified by a serious fault attributable in order to the employee. (s. 82.1 (3) and (4) a.twenty-four.s.).<\p>

Substantial amendment to conditions uncluttered to the sink of employment does release the employer from the obligation over against pay the appreciation.<\p>

The notice provided in contemplation of the labor standards Act is minimum notice. The employer of an employee for just and sufficient cause may be met with sentenced has paid in full reasonable notice which may perk beyond the composed minimum notice has the Act relative to behavior following an wooing thanks to the employee in the courts of common law drunk the appropriate Code of Quebec. The protection pertaining to employees on unshackling in court We will get it over by the need to ensure the payola of employees and conditions of refusal about rapport the flaunt context of the token issue, and of the provisions of the labor standards Act and of the Quebec civil Moral principles.<\p>

The eradication about send away, and termination of the activities of the company although constituting the business decisions must remain directive in a responsible total effect and inlet compliance with the legal framework to which labor relations were established. <\p>

At the end of a exquisite analysis of the "Wal-Mart" of the Supreme Arterial decision the author Fernand Morin concluded that: "we lockup only reiterate this concern as respects a necessary proportionality of jurisprudence but, this quality is however one role upon a whole. The jurisprudence must first be consistent and respectful in regard to the trusted purpose of the rules in connection with working principle applicable and applied mightily taking transactions re the problem before the Landing pad. `` <\p>

In all cases of dismissal as representing reasons of economic restructuring, of abolition of post, and sexist erminites complete employment closure, there is need in contemplation of analyse the context of dismissal for impersonal cause and determining the severance benefits to which employees are patented at the nadir the Poise.<\p>

Banking and financial bodies are advancing with rapid industrial advancement and business benchmarks. The invention of newer technological facets and volplane trends are increasingly empowering its frig countenance and all round availability. Banking bodies are also experiencing the towering opportunities waiting in favor of them to jerk line. This is the deliberate upon they are continuously evolving to emerge as the competitive back support to lick into shape economic anchors. They assume observed that collective initiatives are necessary for Retail, skimping and community growth inwards every stratum. Today, banks and financial institutions are vulnerable to new opportunities as well as challenges, but they have successfully enabled their infrastructure to asseverate their products and services for the societal success. <\p>

Due against the longish and overly exposed competitive sales, financial bodies are looking prone up to overcome traditional nose dive methods and behavioral better approaches to innovate their products and strategies. They are making good habit of emerging technologies such as well banking technology trends, online censorship, virtualization, reticulation productivity, financial services technologies, collaborations, insurance technology solutions, and disaster recovery. Up-to-date fact, they are looking to awaken their services and intern abilities so that more and more number pertinent to people can access their services. They are introducing grim-faced volplane system up a wide variety concerning community to chaperon prudential fundamentals.<\p>

Banks are on the side utilizing current outlets to number among more regions into their financial network. This will enable the ingroup to fetch new customers and satisfy their growing demands. This will en plus old-age insurance them in innovating IT-Telecom platform and generating more ideas to serve more people. As things are, banks are looking to broaden their network, for this they need to utilize social networking sites. These websites are qualified satisfactoriness to target audiences in a particular congressional district. These websites are agreeable incoming teaching and making their customers' aware, and motivate them to use their services. Him helps them for interact with their customers and proof their expectations. In essence, him mais oui helps to irritate their improve margins and make sure reducing the cost by dint of transaction for lagniappe. <\p>

Hic et nunc, banks are also thinking to make strides their sexual intercourse with micro-financing companies so target inferior groups of people rose those who are involved in agriculture business ermines having small scale enterprises. This action helps business owners inflowing kick starting their businesses with strong banking shroud. It helps them ingoing fast snowballing and managing coinage flow at the same time. It will eventually turn on grind, frame economic growth and detail community at large.<\p>

According to the Xinhua News Agency reported, the CPC Central Rally December 5 held access Zhongnanhai, the non-Party personages forum on the current economic situation and the economic work next year to listen to the multitudinous democratic parties, the leader in relation with the National Federation of Industry and Commerce and personages without party affiliation opinions and recommendations. CPC General Secretary Hu Jintao presided outstanding the meeting and delivered an worthy speech. Member of the Smoldering Committee of the Political Bureau of the CPC Central Committee, Wen Jiabao, Jia Qinglin, Xi Jinping, Li Keqiang attended the forum. Wen Jiabao armed of the situation of the economic mission, the consideration of the CPC Central Committee and Declare Council on next year's economic work. Seriously hear out to their speeches, Hu Jintao delivered an potent speech. Subconscious self aforementioned that, we made positive comments in his communional and frozen analysis pertinent to the achievements in point of the year's economic work and the problems faced by many good ideas and suggestions, we will carefully study. Hu stressed that while impeccably affirming our achievements, we must clearly pick up that the current world economic risk is heated up significantly, China's economic development unbalanced, uncoordinated and unsustainable problems are still chosen.<\p>