Is it rare to get statutory redundancy?

slugger09

I've been reading through this board for a while, and most people seem to be getting big pay outs, Well its my turn to go down this road, I am only entitled to statutory and by the talk of the boss we are damn lucky to be getting this, It works out at slightly over a months pay, its certainly nothing worthwhile for 5 years work.

anamenottaken

I believe that statutory only is very common in the private sector. I've been in a redundancy situation 3 times, twice in the public sector which paid an enhanced package and once in the private sector which was statutory only.

slugger09

I'm starting to think working in the private sector is a mugs game.

EconomicsGirl

It depends on where you work - not uncommon in private sector and happens in some of the public sector too such as local authorities. Varies a lot in public sector - our contracts only give us 1 week but we're being offered 1 month per year but soon we all have to sign new contracts to make it statutory in future.

Sorry to hear about your redundancy and good luck job hunting.