Redundancy payments - not the same as staff in other parts of business..

SwiftRider50

Last July our charity was "acquired" by another larger charity...one which received huge amounts of government money to run projects. Since then our new parent company discovered that they were in massive debt and began to lay off about 50% of their staff. And then they began to downsize the staff at our organisation. ERP were offered but are nowhere near the size of payments being made at the HO. Is there any legality we, the staff that are left in a failing organisation run by a bunch of dysfunctional fools, can exercise to increase the pathetic payouts we are being offered? In effect, by going, we are helping this hopeless shower out of their self-created financial abyss. The coup de grace was their sell-off of the multi-million pound site our charity had purchased some ten years ago, simply to help pay off their debts and plug financial short fall in their budget.We, the staff, will see nothing of this money. It is a toxic situation as loyal and long-serving staff at our charity either give up and leave, find other work if they are lucky or, like me, hang on in frozen indecision as to whether or take a derisory ERP and risk the mortgage being covered, or hang on and wait for the planned "salary sacrifice" to make life even more hideous whilst trying to find a job elsewhere.
Apologies if this sounds sore. I am...we all are.

SarEl

I am sure you are. But you are entitled to only what redudancy the law says you get unless they offer you something else or your contracts say otherwise. Sorry, but there is no reason why they have to offer you anything better.

SwiftRider50

yes, thanks for that. I suspect you think me a selfish and foolish money grabber. No. Just fed up with a year of incompetent management, promises of ways forward that never materialise, and a disintegration of an organisation that has 50 years helping disadvantaged learners behind it.
Never mind. As long as the city boys get their fat cat deals all is well with the world.