der Sozialplan
Translation
social compensation plan, redundancy plan
Examples
Die Firma hat einen Sozialplan erstellt.
The company has created a social compensation plan.
Der Sozialplan sieht Abfindungen für die Mitarbeiter vor.
The redundancy plan provides for severance payments for the employees.
Grammar Patterns
((to draw up/create)) a Sozialplan to draw up/create a social compensation plan The company had to draw up a social compensation plan.
Similar Words
Interessenausgleich (reconciliation of interests)
Etymology
Composed of 'Sozial' (social) and 'Plan' (plan).
Memory Tips
Think of it as a 'plan' to provide 'social' support to employees during layoffs.