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The redundancy board... what its all about

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The redundancy board... what its all about

edited 30 November -1 at 1:00AM in Redundancy & Redundancy Planning
45 replies 51.6K views
MSE_MartinMSE_Martin Money Saving ExpertMoneySaving Expert
8.3K posts
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edited 30 November -1 at 1:00AM in Redundancy & Redundancy Planning
Welcome to this new board. Not one I particularly relish setting up, but in todays economic climate I hope it will be a place of information, help and support to all those who are facing redundancy, have been through it, or are worried it may happen.

The aim is to provide key MoneySaving and rights info - as well as a place to chat and discuss any issues.

Wishing all of those here all the best.

Martin
Martin Lewis, Money Saving Expert.
Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.
Don't miss out on urgent MoneySaving, get my weekly e-mail at www.moneysavingexpert.com/tips.
Debt-Free Wannabee Official Nerd Club: (Honorary) Members number 000
«1345

Replies

  • FranFran Forumite
    11.3K posts
    I'm a Volunteer Board Guide
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    People made redundant might find the following boards useful:

    Employment, Jobseeking and Training

    Benefits & Tax Credits.

    There's also Useful Links for Employment & Jobseeking.
    Torgwen.......... :) ...........
  • fermifermi Forumite, Board Guide
    40.6K posts
    Intrepid Forum Explorer Rampant Recycler Newshound! Car Insurance Carver!
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    If redundancy has or is likely to result in you struggling to meet your debts, then this article on the main site may also be useful:

    Link: Debt Problems: Where to start, what to do, where to get help

    There is also plenty of help and support on the Debt-Free Wannabe boards.
    I'm a Board Guide on the Debt-Free Wannabe, Bankruptcy, Credit Cards and Loans boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Board guides are not moderators. If you spot an inappropriate or illegal post then please report it to [email protected]

    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • ceridwenceridwen PPR
    11.5K posts
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    This has got to be a good idea MSE Martin - as redundancy is going to be so prevalent now.....

    So - a specific Board shouldnt be necessary - but, since it is, its just as well that its been established. I have been taken aback by how unprepared a lot of people are for this happening to them and how little they know about what their financial situation will be...so I think this is a good idea.
  • BismarckBismarck Forumite
    2.6K posts
    Thanks for the timely Board.

    I wish it wasn't necessary....
    For what I've done...I start again...And whatever pain may come ...Today this ends... I'm forgiving what I've done -AF since June 2007
  • Having been made redundant in the past my tip is to look at it as a possitive rather than a negative, it's an opportunity for new things, also don't take the first job you get offered just for the sake of it unless you really, really need the money. I found that it just doesn't work out very well.
    If you can try and put away 6 months worth of mortgage payments before you get made redundant. sounds alot but it's achievable.
  • Hi my tip is, read your P45 (the job centre will ask you to bring it with you when you make a claim but i didnt get mine till afterwards) esp part 2 because you may be entitled to a tax refund:

    If your claiming job seekers
    Take it to the job centre and if your entitled to any money so will get it when your claim ends or 5th April whichever is first i believe.

    If not claiming jobseekers and not working and have paid tax then ask for a
    P50 (claim for income tax repayment) at any inland revenue office.

    I only knew about it because of my mum and you dont really feel the urge to read it and i wonder if i did take it to jc would they have mentioned it. If anyone thinks I should but it anywhere else then let me Know. Not got my bearings first day you see!!:0
  • WookeyWookey Forumite
    812 posts
    Anyone with any grievances about being made redundant harshly/unfairly has recourse thru the relevant public body for there area.

    http://www.lra.org.uk/ for residents/workers in Northern Ireland or for mainland UK http://www.acas.org.uk/index.aspx?articleid=1461
    Norn Iron Club member No 353
  • Anyone got any advice on the process itself?
    On Tuesday, via telephone conference call, I was informed that I was 'in the process, at risk' it's between myself and colleague and it's a stitch up ! I work for a corporate and although they have legal people, highly trained HR etc, they are prone to the odd HR misdemeanour or two.
    Next week it's the at risk interview, then, the selection process starts, 3 people scoring me on pre determined criteria? apparently, my boss is one of the selection panel, and this is where the main problem is for me.
    Any advice or suggestions welcome.

    Thanks, Gary
  • Anyone got any advice on the process itself?
    On Tuesday, via telephone conference call, I was informed that I was 'in the process, at risk' it's between myself and colleague and it's a stitch up ! I work for a corporate and although they have legal people, highly trained HR etc, they are prone to the odd HR misdemeanour or two.
    Next week it's the at risk interview, then, the selection process starts, 3 people scoring me on pre determined criteria? apparently, my boss is one of the selection panel, and this is where the main problem is for me.
    Any advice or suggestions welcome.

    Thanks, Gary
  • hello i work for a city council and they are going through a series of redundencies at the moment. on the redundency calculator they ask for your age. is this right and why should my age affect what i am entitled to??? i have been in my job for the same amount of time as someone older than me i should be offered the same amount of redundency!!!
    :confused::confused::confused:
    this is ageism!!! i thought this was against the law now? shoudlnt national and local governments be setting an example here and paying people on their length of service only? but the law allows this to happen. can anyone explain??
This discussion has been closed.

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