Redundancy - Lots of Questions - Can You Help Us

stressedoutmum

There are 6 of us in our work-pool . We've been told a part of our job is disappearing due to new technology and the remainder of what we do could be spread out amongst other staff or they might save the remainder for us but obviously with a lower grade/different title - they havent made their mind up yet!. These are the options we are being faced with but a decision on our job wont be made until September/October! We're all miserable at work and can't eat, sleep or concentrate because we're frightened to make the wrong decision. Options are:
1. Redundancy.
2. Reduced hours same grade (hours reduced by 50%)
3. Reduced grade same hours (30% pay cut)
4. Reduced grade and reduced hours (30% pay cut plus 50% reduction in hours)
5. Possible offer of completely different job within the same company but this would definitely be lower grade, lower pay (50% cut both pay and hours)

Not sure what to do - been there a mixture of years 6-19 years. Collectively we seem to think company will go with option 4 but they're not giving anything away.

If we take redundancy - then stuck for work as the job situation is dire out there.

Do we take less pay and hours and at least have something but far lower than we were on.

What happens if we take redundancy for the money - how long do we have to have left the company before we could accept another job at the same company albeit a different job title on lower T&Cs (just in case nothing else comes up) - how long after they made us redundant could they remploy us again if jobs came up in the future.

If we get offered another job by the company but dont want that job will we lose our entitlement to redundancy.

Trouble is from now until September we've got too long to think about it which makes it extra stressful and every day brings new depression and we're constantly changing our mind. Another big loss is our office is flexi which was great for school hols and if we need to find other jobs which aren't so flexi we're stuck - we dont all have family local/ cant afford child minders and school jobs are the only option but their like gold dust! 4 of us have working partners and wouldnt be eligible for working tax credit (we've called the hotline) as on average their pay takes them just above the threshold. Partners work mixture of shifts - days, nights, weekends, eve which makes it even harder to work around which makes us wonder if we should lose out on the redundancy pay just to keep the flexibility of a job but working for much less pay.
thanks.