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Voluntary vs Compulsory
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One thing to watch is if you have mortgage protection insurance, accepting voluntary redundancy could well mean that any insurance you have to meet mortgage payments would be null. One good thing about voluntary though is if you have another job lined up, you can agree a finish date and then start a new job right away, with compulsory they will most likely give you a date and that would be it.Norn Iron Club member No 3530
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Why accept voluntary redundancy with a lower payment than statutory?
One would be if you really don't want to continue working for the business and don't want to be left there (survive the redundancy process) because they have been able to shed sufficient numbers of staff without, or with limited, forced redundancy.0
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