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Diary of a Poor Person aged 46 1/2

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  • NO one else in the company is getting made redundant, they reviewed the it department.... but with the incident last week and his boss been funny i think oh will be made redundant so i dont know how it worrks but oh said it would be next week but what a flaming thing to do to someone at the end of a week so you have all weekend to worry over it :( i feel sick with it things were just going to start coming together i finish payin amrquee and loan this month so we would have had an extra 700 pm so if he looses job who knows what sort of an affair we will be in
    I AM A MONEY MAGNET, THEY ARE MAKING MORE MONEY FOR ME AS WE SPEAK:pMIKES MOB, DFW NERD 1071, DFW LHS 132!MIRACLES HAPPEN I'VE SEEN IT WITH MY OWN EYES. LBM 08£77240.69 Current outstanding total £36083.01 Paid so far = £41157.68
  • too_much_debt
    too_much_debt Posts: 3,218 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    NO one else in the company is getting made redundant, they reviewed the it department.... but with the incident last week and his boss been funny i think oh will be made redundant so i dont know how it worrks but oh said it would be next week but what a flaming thing to do to someone at the end of a week so you have all weekend to worry over it :( i feel sick with it things were just going to start coming together i finish payin amrquee and loan this month so we would have had an extra 700 pm so if he looses job who knows what sort of an affair we will be in

    Seems strange that he is the only one, are they up to something? What happened last week (if you don't mind me asking - you don't have to say if you don't want).
    Sealed Pot Challenge #016
  • mrscmr
    mrscmr Posts: 2,903 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    dont you have to be councelled properly when redundant? what is the proper procedure? should he take advice from someone?

    people who know these things who read my diary: like HR people can you please comment and explain how these things work? happytogetdebtfree needs our support NOW!

    thank u
    Highest Debt £581,000 Nov 08 and now owe nothing! yes really! I have learnt my lesson the hard way!
    :heart2:Ebay Challenge 2011 - Still supporting from afar!
    Long haulers supporters DFW #223
  • i pm'd you tmd, mrs c i dont know the procedure but i think its not called for to tell people on a friday it causes undue stress .... ohs aunt is a hr manager he is phoning her see what he can find out x :( i feel thourghly well i cant say
    I AM A MONEY MAGNET, THEY ARE MAKING MORE MONEY FOR ME AS WE SPEAK:pMIKES MOB, DFW NERD 1071, DFW LHS 132!MIRACLES HAPPEN I'VE SEEN IT WITH MY OWN EYES. LBM 08£77240.69 Current outstanding total £36083.01 Paid so far = £41157.68
  • mrscmr
    mrscmr Posts: 2,903 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    sending u hugsss... i dont see how they can just do this without proper procedure?

    what size organisation are we talking aoubt.

    will read pm - child #3 currently having nosebleed from hell.
    Highest Debt £581,000 Nov 08 and now owe nothing! yes really! I have learnt my lesson the hard way!
    :heart2:Ebay Challenge 2011 - Still supporting from afar!
    Long haulers supporters DFW #223
  • no not you mrs c .... tmd re the other incident.... they will do the procedures next week interviews or point systems who know whats they do but i feel sick about it
    I AM A MONEY MAGNET, THEY ARE MAKING MORE MONEY FOR ME AS WE SPEAK:pMIKES MOB, DFW NERD 1071, DFW LHS 132!MIRACLES HAPPEN I'VE SEEN IT WITH MY OWN EYES. LBM 08£77240.69 Current outstanding total £36083.01 Paid so far = £41157.68
  • too_much_debt
    too_much_debt Posts: 3,218 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Hope the nosebleed has stopped.
    Sealed Pot Challenge #016
  • beanielou
    beanielou Posts: 95,712 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Speak to ACAS on Monday Happyto getdebtfree.
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.

    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
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  • savingholmes
    savingholmes Posts: 28,989 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    hugs htgdf

    mrsc / htgdf - If it is less than 20 people being made redundant it can happen very quickly. 20 or more they have to consult for around 30 days. 100 or more - it would be 90 days consultation.

    For 1 redundancy the company could have a couple of meetings and as long as he gets an opportunity to say why he should stay and they show they considered alternatives to redundancy (even if redundancy goes ahead) then they can just do it.

    They still need to show a fair selection process, the right people should be in the redundancy pool that they are selecting from eg if there are 4 engineers - all 4 would normally be in the pool unless there are really clear reasons why the other 3 should be excluded... Even then the company should have some documented reasons why the others aren't in the pool etc....

    Even in redundancy situation you would still be entitled to your notice period on top of redundancy pay. Some companies make you serve your notice, some people pay it in lieu.

    You could pm me if you need anything more specific!

    Pheeewww - Can breathe again now typed all that out!
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
  • mrscmr
    mrscmr Posts: 2,903 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    @happytoget... please pm SH ...

    we are here to help u...

    thanks beanie lou, too!

    there are lots of people on here with amazing expereicne and knowledge ... they can help.
    Highest Debt £581,000 Nov 08 and now owe nothing! yes really! I have learnt my lesson the hard way!
    :heart2:Ebay Challenge 2011 - Still supporting from afar!
    Long haulers supporters DFW #223
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