Redundancy - where do we stand?

[taffstalini]

Just been put on notice of redundancy and if my current employer is unable to find an equivalent position elsewhere in the buisiness I will be made redundant at the end of next month.

I have worked for the same practice for 8 years and am a bit confused by notice periods and redundancy packages etc.

Can anyone advise.

P.S. Does anyone need a Building Surveyor with a design bias?

[andyvg]

government guidlines for redundancy payout is roughly £500 for every year of service so in your case about £4k. pathetic really when you consider the all the late nights and weekends that go with the construction industry territory......

hope you find another job soon.

[HomerJ]

I hope this link may be of some use, item 5 perhaps, though passing it on unread.

Good luck.

http://search2.dti.gov.uk/cgi-bin/cqcgi/@er.env

[page3]

Loads of info here DTI

Went through all this last year, after 10 1/2 years slaving for one company.

Good luck!

(Better job now, hence TVR )

[Lurch]

I was made redundant at the beginning of this year.

My package was made up of:

Statutary redundancy

Pay in Lieu of notice (I had 3 months in my contract)

Ex gratia payment

Find out what your companies policy is on redundancy payments, as the ex gratia payment made up about 50% of what I got.

If I remember correctly it depends on how many roles are being put at risk as to the consultancy/notice of redundancy period. I had 90 days from when my role was 'put at risk' to actually being made redundant.

Good luck. It worked out to my benefit. I used some of the money to buy my S3. I hope things work out well for you too.

[ATG]

make sure your company has thought through the tax implications of any payments they make to you. Salaries and ex gratia payments are taxed differently so it makes sense for them to throw as much cash into the tax-efficient pot as possible. If it's a personnel department handling this, they will probably stuff it up. Some of the payments can be tax free, so it can make a big difference.