wind down


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wind down

A UK term of art for one of the alternatives to complete retirement from the NHS, which allows a worker to slowly reduce his or her hours in a current post in ways that do not reduce pension benefits.
References in periodicals archive ?
Two-thirds of workers in Yorkshire and the North West are most likely to be happy to wind down their career in their current company, compared with 54% in London, the research found.
"The fact is that it will begin to wind down in the next 10 years.
common stock is part of our continuing effort to wind down the Troubled Asset Relief Program (TARP), said Deputy Assistant Secretary for the Office of Financial Stability Timothy Bowler.
24 June 2011 - Danish cancer drugs maker Genmab AS (CPH: GEN) said today it will wind down its zalutumumab clinical programme part of its disciplined approach and commitment to controlling costs.
Department of the Treasury announced that it will begin the orderly wind down of its remaining portfolio of $142 billion in agency- guaranteed mortgage-backed securities (MBS).
US CDSS Wind Down (OTC:CWDW) said yesterday it inked a deal to take over energy manager Green Energy Management Services (GEM) for an undisclosed sum and via a reverse merger.
GM, which had been trying to complete the deal by the end of February, said that it will wind down the money-losing brand following the set back.
DETROIT: General Motors Co has held advanced talks with Spyker Cars for the sale of its Swedish brand Saab but is proceeding with plans to wind down the unit, GM Chief Executive Ed Whitacre said on Monday.
None of the potential bidders have convinced GM that they have financing for their offers so the US major is proceeding with its plans to wind down the ailing Swedish operations, recently-appointed Whitacre said, cited by news agency Reuters.
GM had previously said it was giving bidders until Thursday to come forward with an offer for Saab until it decided earlier this month that it would wind down the brand.Aa
BRADFORD & Bingley have appointed banking veteran Richard Banks as managing director to oversee the wind down of the nationalised lender.
THERE were fears today for Merseyside jobs in six former MFI stores after administrators started a "wind down" of some of the 81 outlets they control.