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ok,ok i know you warned me......

hi all if you remember i recently brought a house which we could just about afford you all warned me not too and now the worst has happened my dh was told yesterday that come tomorrow he will have no work....im shocked he has worked sixteen years for his employer (he is the only employee) and to be given only two days notice is terrible...so now we are in deep poo you would be right to say i told you so the deppressing thing is i have been doing very well not getting into further debt and actually trying to turn things around for us...so depressed
Stepchange dmp £6350
Debt free date jul 2021

Emergency fund needs refuelling!

Aiming for a debt free stress free life with some money in the bank!
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Comments

  • Don't panic

    With 16 years experience, he ought to be viewed as a reliable employee

    No time for grief, get to work now on the job hunt

    Be very proactive and you might be surprised, as it is just as likely that he could find a better job

    And batton down the hatches, every penny counts
  • thank you he is having some time off tomorrow (how kind) to get to the job centre and im trawling internet its such a shame for him as he is very hard working and has been very loyal to his boss..
    Stepchange dmp £6350
    Debt free date jul 2021

    Emergency fund needs refuelling!

    Aiming for a debt free stress free life with some money in the bank!
  • lynzpower
    lynzpower Posts: 25,311 Forumite
    10,000 Posts Combo Breaker
    hang on a minute, he should be getting a pay off with 16 years service under his belt
    :beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
    Theres no dollar sign on piece of mind
    This Ive come to know...
    So if you agree have a drink with me, raise your glasses for a toast :beer:
  • *zippy*
    *zippy* Posts: 2,979 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    :grouphug: Hi Second Chance

    I can remember your earlier threads. It must have been an awful shock, sending you a big hug. Is your husbands profession something that he should be able to find another job easily and after 16 years will there be enough redundancy to clear your debts.

    We were concerned this was going to happen to my OH and thats when I had my lightbulb moment. Someone said to me it will ok thats what benfits are for and it did make me feel alot better.

    Why not post your SOA again

    Good luck I hope he finds something quickly
    zippy x
  • TallGirl
    TallGirl Posts: 6,260 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Make sure he gets redundancy pay etc it may be worth checking his rights straight away as small employers often get it wrong. Maybe try the CAB if you have one in your area.
    Save £12k in 25 No 49
    PB Win 21 £225, 22 £275, 23 £900, 24 £750 Balance Dec 25 £32.7K  
    Plan to move to Denmark for FIRE by Autumn 2025 “May your decisions reflect your hopes not your fears”
    New diary aiming for fire https://forums.moneysavingexpert.com/discussion/6414795/mortgage-free-now-aiming-for-fire#latest

  • cattie1
    cattie1 Posts: 2,068 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    just wanted to send you a big hug:grouphug:
    it will get sorted. good luck on your partner finding a job
    official dfw nerd club member no 214
    Proud to be dealing with my debts!;)
    Why is a person that handles your money called a broker?!:confused:
  • lynzpower wrote:
    hang on a minute, he should be getting a pay off with 16 years service under his belt
    he was told that he is due nothing..he doesnt have a written contract i dont think
    Stepchange dmp £6350
    Debt free date jul 2021

    Emergency fund needs refuelling!

    Aiming for a debt free stress free life with some money in the bank!
  • LJD1_2
    LJD1_2 Posts: 2,173 Forumite
    Big hugs to you both. Here's to finding something better xxxxx
    January budget
    Nothing left!
  • Hi sc.

    So sorry this has happened, but surely it's no the end of the world. After 16 years, he should be entitled to some redundancy? What did he do? (for a living i mean), and what is the reason that he is now out of work.
    Are they going into liquidation? relocating etc.......?

    Don't panic, i'm sure all will be ok.

    Hugs
    pot
    xx
  • sparkle84
    sparkle84 Posts: 297 Forumite
    Part of the Furniture Combo Breaker
    he was told that he is due nothing..he doesnt have a written contract i dont think


    This is rubbish he is due statutory redundancy - what is happening with his employer are they in administration,gone broke what?? you can't just be told after 16 years you are out of work - does he have payslips if he has payslips he has a contract - get on to CAB they should be able to help don't take this lying down fight
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