How much redundancy Pay will i receive

plumb1_2

I am being made redundant next week, the company has lost the building contract with a large retail company. The work has been given to a large national company. There is a chance that this company will offer me a job? As i think they have to do this with taking over the contract, offering a 12mth contract. But i don't trust them, heard to many bad stories about them, and they are laying staff off themselves. So i think the earliest chance they will get they will end my contract?


I have been at my company since 1994 until now, so approx 17 yrs. Is there anywhere i can find out how much i can expect to get? as i believe is also age related my employer says he has not found out yet and will let me know monday. It is only a small business so no HR. He told me to look at Acas:(

p00hsticks

General info on redundancy here;

http://www.direct.gov.uk/en/Employment/RedundancyAndLeavingYourJob/Redundancy/index.htm

In particular, relating to rendundancy

The calculation for your statutory redundancy pay is based on:

• how long you have been continuously employed
• your age
• your weekly pay, up to a certain limit (£430 current maximum)

You will get:

• 0.5 week’s pay for each full year of service where your age was under 22
• 1 week’s pay for each full year of service where your age was 22 or above, but under 41
• 1.5 week’s pay for each full year of service where your age was 41 or above
  

FLAPJACK

I'm sure someone will be along shortly to verify what I'm about to say.

I worked for a large company who farmed out certain aspects of the business.i.e a dept was "taken over" by another firm, the original employees were made redundant by the original firm and were re-employed by the new firm under "T.U.P.E" conditions.

Don't ask me what it stands for ...but what it meant,was that the original employees had to be (unless they wanted to leave) re-employed under their original terms and conditions guaranteed for 12 months.

Not sure if the same would happen to you though...but it sounds a very circumstance that you find yourself in.

Best of luck for the future.

FLAPJACK

Verifying if I'm right or wrong that is!

getmore4less

Most likely a TUPE transfer to the new company.

Continuity of employment on cuurent T&C initialy so the 12 month contract is meaningless they can't just end the contract they would have to have another ligitimate reason to terminate.

12 weeks notice, and redundancy based on age and service.

p00hsticks

FLAPJACK wrote: »

.... were re-employed by the new firm under "T.U.P.E" conditions.

Don't ask me what it stands for

Transfer of Undertakings (Protection of Employment)