Recession has forced businesses to cut down there cost lay off there employees, After hitting 40years of age, many employees are financial burden for companies they don’t just have high pay scale they continue to aspire senior positions which are very less in count and financially its not good for company to hold high pay scale low productive senior employees where they can replace with younger employee with less pay scale and generate more work to voloume ratio. Every multinational and local businesses wanna get free from their old employees due to less productivity and high pay scale + employment perks of health and family assurance.
