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Redundancy

Can anyone tell me whats the difference between voluntary redundacy and being made redundant.

Do the employer still have to give you the full redundancy package if you volantire or what.

As my boss as just asked if i would take voluntary redundancy.


Thanks

Pokerstar

Comments

  • VfM4meplse
    VfM4meplse Posts: 34,269 Forumite
    10,000 Posts Combo Breaker I've been Money Tipped!
    Sorry to hear about your predicament, it's unfortunately common these days. Have you read the Terms of Service of your employment?

    For public sector employees, VR takes the pain of game-playing out of the redundancy process.
    Value-for-money-for-me-puhleeze!

    "No man is worth, crawling on the earth"- adapted from Bob Crewe and Bob Gaudio

    Hope is not a strategy :D...A child is for life, not just 18 years....Don't get me started on the NHS, because you won't win...I love chaz-ing!
  • Pokerstar wrote: »
    Can anyone tell me whats the difference between voluntary redundacy and being made redundant.

    Do the employer still have to give you the full redundancy package if you volantire or what.

    As my boss as just asked if i would take voluntary redundancy.

    Voluntary redundancy is the same as being made redundant except you agree to it as opposed to being forced to end your employment. There is no real difference in the package except that if you take voluntary redundancy the company often gives better terms than if served statutory redundancy.

    You have to weigh up how you feel about this and whether you will get another job. It's not easy at the moment depending upon your skills and location.
    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
    Do not adjust your mind, the world is at fault. ;)
  • DCFC79
    DCFC79 Posts: 40,644 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    It is a real kick in the teeth,

    OP apply for job seekers if you qualify for it and see if your eligible for any other benefits
  • nimbo
    nimbo Posts: 3,701 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    the terms for VR can be different for CR....

    alot of places will choose to pay the same but that doesn't mean thay have to is what we were led to believe with the NHS...

    they would still however have to detail how much money they would give you (before you made the choice) and explain everything that you need to know about your pension....

    Stashbuster - 2014 98/100 - 2015 175/200 - 2016 501 / 500 2017 - 200 / 500 2018 3 / 500
    :T:T
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