1. Cloze test. Enter the following words into the text.

career ladder hierarchy reorganized

career paths in-house resign
delayered insecurity responsibility
demoted leaner restructure
downsized notice retirement
efficiency outsourced Senior
flatter performance reviews senior
freelancers promotion

Many people used to work for the same organization until they reached
______________: the age at which people retire, or end their working life.
______________were clear: you could work your way up the ______________, getting
______________to jobs that were more ______________, with greater
______________. You would probably not be ______________: moved to a less senior
job. To leave the company, you could ______________or hand in your
______________.

Modco has ______________and ______________. The number of management levels

in the company ______________has been reduced from five to three, and many
managers have lost their jobs. Modco has ______________and restructured in order to
become ______________(with fewer layers of management) and ______________(with
fewer, more productive employees). They did this to reduce costs, and increase
______________and profits. Employees said the company used words like
______________to make the situation sound positive and acceptable.

Modco has ______________many jobs previously done by ______________personnel:

outside companies clean the offices, transport goods and collect money from customers.
This allows Modco to concentrate on its main business activities. Modco uses more
______________, independent people who may work for several different companies,
and they employ people for short periods on temporary contracts. Modco expects
flexibility, with people moving to different jobs when necessary, but for many employees,
this means job ______________, the feeling that they may not be in their job for long.
The way that they are doing their job is discussed at ______________: regular meetings
with their manager.

2. Please write the following abbreviations in full:

HR _______________
CEO _______________
COO _______________
CFO _______________
VP Marketing _______________
RSI _______________
HQ _______________
3. Please translate the following sentences:

A teljestmny nagyobb, ha a munkafolyamatot kiszervezik.

A cg clja a kltsgek cskkentse.

A tancsadk ltalban klssk, akik klnsen jl ismernek egy terletet.

Voltak ajnlataim nagy cgektl, de fggetlen akarok maradni.

lethosszig tart munkt keresek.

4. Please explain the following concepts:

promotion

entrepreneurial spirit

harassment

semi-skilled

labour

minimum wage