For the year to June 2001, the number of staff receiving redundancy payments7 was at its lowest since SSC began collecting this information in 1993. This year 282 staff received these payments. This is much less than the 780 payments found in last year's survey, the bulk of which were due to a large number of redundancies in one department. The average amount of the payments ($37,267) has varied little over the past five years. The trend in redundancies is shown in Figure 2below.
7Including severance payments and enhanced early retirement.