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Real life MMD: Should I take the redundancy money?

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  • bogwart
    bogwart Posts: 117 Forumite
    Once companies start making employees redundant there are often further waves of redundancies to come. If you're sure about the other job offer then take the money, but if you're not absolutely certain stay where you are. £2,000 won't get you very far if you take the redundancy and then find you have no job to fall back on.
  • Someone in my company has just done exactly that. It saved someone else's job.
  • Talent
    Talent Posts: 244 Forumite
    If you're sure to get the new job, take the money.... simples.
  • Moolah
    Moolah Posts: 31 Forumite
    Part of the Furniture Combo Breaker
    If you want loyalty - get yourself a dog. Take the money.
  • ISAmad
    ISAmad Posts: 49 Forumite
    Part of the Furniture Combo Breaker
    NO! DO NOT VOLUNTEER FOR REDUNDANCY (YET).

    You are 'expecting' a job offer from another company, which means the deal isn't done yet. As soon as an offer is made in writing, then you should volunteer for redundancy. Otherwise you might find yourself without either job!

    But in terms of the morality of such a move, just ignore your colleague. There is absolutely nothing wrong with your basic proposal. Indeed, I was in a similar situation (I was emigrating instead of changing jobs). Was just about to put in my notice when I discovered that many redundancies were about to be made and that I could apply for VR. Which I did, which I got and which gave me a tidy lump sum to fund my emigration.
  • sailorchief
    sailorchief Posts: 23 Forumite
    You could always ask if you were definitely going to be kept on. If the answer was 'maybe' then take the money and go. If the answer was 'yes' then ask for a £2k a year pay rise to stay - simples! Then if they refused - take the money! Depends whether or not you feel that your work/life experience would be enhanced by leaving....
  • Avatar73 wrote: »
    I dedicated 4 years of my life to serving my country, then got forced out on a redundancy.

    Ask not what you can do for your country, but whether your country would do anything for you, if it could get away without doing it.
  • Taking the suma nd the new job will not harm your collegues, and may save someone else's job - well done you, take the money and enjoy your new job!
  • 'Yet my colleague thinks I shouldn't take redundancy if I know I've a job elsewhere.'

    Suppose your colleague was made redundant instead of you? Do you think their attitude may change??
  • You can express an interest in voluntary redundancy. Generally there will be a cut off date where you have to sign official forms - until then you may be able to withdraw from the process. Find out what the process entails as you may have more time than you think. It's likely that 90 days notice of consultation have to be given if 100 or more jobs are at risk but only 30 days for fewer than 100.
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