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voluntary redundancy

what do you know about voluntary redundancy payments being drip feed over a year after being made redundant

Comments

  • Emmzi
    Emmzi Posts: 8,658 Forumite
    1,000 Posts Combo Breaker
    that it is definitely not normal!

    what has been suggested to you? are you employer ir potential redundant person?
    Debt free 4th April 2007.
    New house. Bigger mortgage. MFWB after I have my buffer cash in place.
  • Numpty_Monkey
    Numpty_Monkey Posts: 14,196 Forumite
    10,000 Posts Combo Breaker
    I got payments spread over my notice period, and (small) lump sum at the end of that,

    What is been sugguested seems very dodgy, unless your notice peroid is 1 year
    PROUD TO BE DEALING WITH MY DEBT NERD #869
    Numpty,Not sure why but I'm crying :o . Of all the peeps on this board you're the kindest & most supportive of all & I'm :mad: & :( for you all at the same time . Wish I was there to give you a big :grouphug: & emergency hobnobs
    xx
    DFD 5/1/16
  • noidea1
    noidea1 Posts: 2 Newbie
    no his last day is 22nd may payments will be over 12 months no lump sum
  • Emmzi
    Emmzi Posts: 8,658 Forumite
    1,000 Posts Combo Breaker
    sounds like the company cannot afford the redundnacy package to me. I would refuse and force them to go down the compulsory route with a lump sum. Otherwise that's a whole year beforeyou can move on mentally.

    CAB time?
    Debt free 4th April 2007.
    New house. Bigger mortgage. MFWB after I have my buffer cash in place.
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