The recent news of SK:N Group companies entering liquidation sent shockwaves throughout the UK medical aesthetics specialty. Leaving 800 professionals unemployed, it was announced the clinic chain and several aesthetic distribution businesses would cease trading with immediate effect.1
The abrupt closure of this well-known clinic chain underscores the importance of being prepared for unforeseen changes in the job market, such as liquidation or redundancy. When a company enters liquidation, all employees, lose their jobs immediately, as the process – whether solvent or insolvent – marks the end of the company’s operations.
Redundancy, however, is different; it occurs when roles are eliminated due to cost-cutting measures, the role becoming obsolete, business relocation or new processes that render certain positions unnecessary. In this article, I will explore the best practices for…
