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Compromise Agreement..?
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Avfers
Posts: 2 Newbie
Hi everyone,
I'm looking for a little bit of assistance please?
I've recently been advised by my employer that our office is closing as the lease is running out and the landlord isnt looking to renew. The business isnt looking to re-locate nearby and are looking to close the office completely.
We've entered a consultancy period of 90 days as there are potentially over 100 people at risk of redundancy. During this time the business have outlined some preliminary arrangements for redundancy which is above the statutorygovernment payouts.
This consultancy period doesnt end until the end of July but in the meantime i've been offered another job. What i would like to know is where i stand with my redundancy? I've done some calculations based on the offer the business has put together i stand to walk out with around £5,000 which would come in extremely handy. However as i've not been formally advised i'm being made redundant just that 'i'm at risk' would I have to forfeit my redundancy payment to take up the new job?
I've heard of 'Compromise Agreements' but do the company have to consider this whislt we're still in the consultancy period?
Please help because although I have the offer of a new job I still feel i'm entitled to a pay-off as I would've never consider looking for a new job if this office closure wasnt announced.
Sorry for the long text and I hope i havent missed out any important details?
Thanks in advance for any assistance.
I'm looking for a little bit of assistance please?
I've recently been advised by my employer that our office is closing as the lease is running out and the landlord isnt looking to renew. The business isnt looking to re-locate nearby and are looking to close the office completely.
We've entered a consultancy period of 90 days as there are potentially over 100 people at risk of redundancy. During this time the business have outlined some preliminary arrangements for redundancy which is above the statutorygovernment payouts.
This consultancy period doesnt end until the end of July but in the meantime i've been offered another job. What i would like to know is where i stand with my redundancy? I've done some calculations based on the offer the business has put together i stand to walk out with around £5,000 which would come in extremely handy. However as i've not been formally advised i'm being made redundant just that 'i'm at risk' would I have to forfeit my redundancy payment to take up the new job?
I've heard of 'Compromise Agreements' but do the company have to consider this whislt we're still in the consultancy period?
Please help because although I have the offer of a new job I still feel i'm entitled to a pay-off as I would've never consider looking for a new job if this office closure wasnt announced.
Sorry for the long text and I hope i havent missed out any important details?
Thanks in advance for any assistance.
0
Comments
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does the 5000 include pay in lieu of notice? and how long is your notice period in normal situation?
Sounds like your employer is one of the better ones so although I don't think they have to pay anything if you want to leave early (for the new job) you have nothing to lose by asking. Maybe they'll pay the full amount, or they could reduce the redundancy payment a bit but still pay you for the notice period.The questions that get the best answers are the questions that give most detail....0 -
Thanks,
The £5000 doesn't include payment in lieu of notice and I'd be required to provide 4 weeks notice.
I suppose I'll just have to ask and hopefully negotiate a agreement.0 -
I'm afraid you have to wait to be given notice before you qualify for redundancy compensation. So if you walk away before the end of the collective consultation period and the individual consultation that typically follows then you won't get your redundancy. Appreciate you wouldn't be looking to leave the company if it wasn't for this but even so you don't qualify.
Compromise Agreements have nothing to do with redundancy and are used very exceptionally by most companies. If your company has entered into a 90 day consultation there is NO WAY they will want to compromise you, there is no reason to as they are clearly conducting a meaningful consultation with you which should lead to a potentially fair reason for dismissal if they continue to follow their policy. Remember you are just 1 of over 100 employees they are also consulting with.
Here is a good article about Compromise Agreements so you can understand what they actually are and typically used to do: http://careers.guardian.co.uk/careers-blog/compromise-agreement-workplace-disputes0
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