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Cameroon ranks 7th among the best countries in the world when it comes to layoffs

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Cameroon ranks 7th among the best countries in the world when it comes to layoffs

Cameroon is the world’s safest place to be laid off

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New research, carried out by Lensa, reveals how fairly the workers are treated in different countries in times of restructuring. Looking at notice periods for redundancy and unemployment rates, as well as redundancy pay and rules over the world, to find out where in the world is the fairest place to be laid off. 

 

The full research can be found here: https://lensa.com/insights/global-layoffs-report/ 

 

The world’s best locations for layoffs 

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Sierra Leone ranks as the most up-to-par country for dealing with employee redundancies: one is guaranteed at least a 13-week notice period, and employees with a 10-year tenure can secure a massive 132-week severance pay package. 


 

In Egypt, workers are guaranteed severance pay ranges from 4.3 weeks (with one year of tenure) to 54.2 weeks (with over ten years of tenure). Egypt also enforces a good 7/9 of the possible redundancy rules. 

 

In third place is Moldova, where all employees with over a year of tenure are given 8.7 weeks of notice and 12.9-18.6 weeks of severance pay. Moldova also sees a low unemployment rate of just 3%, meaning it should be easier to find new work compared to other countries.

 

The world’s worst places for getting laid off 

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Puerto Rico takes the crown as the worst place to be laid off in. In Puerto Rico, the law doesn’t guarantee any severance pay (even for those who have worked in a company for 10 years), and employees can be dismissed without a notice period. 

 

The United States ranks as the second worst country to be laid off in. Out of nine possible redundancy laws, the US enforces just two of them. One also gets no legally guaranteed severance pay or notice period. 

 

In third place ranks Nigeria. The country enforces 4/9 redundancy rules, however, still does not guarantee you any severance package. Employees do get a notice period: 1 week for employees with one year of tenure and 4.3 for employees with over 5.

 
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