How Have You Done Since Redundancy?

shaz77_2

Hi All,

As it looks likely that I will be forced to take compulsory redundancy I was wondering how people that have been made redundant in the past have done following it?

I'm due to get 12k paid to me for 6 years of service; my gross salary would have been 22k p/a. I do worry that I will not find a job that pays quite as well and as I've a mortgage to considering this also plays on my mind. However I'd love to hear from the people on here who've been in the same situation and how it worked out for you.

Thanks in advance

ryecatcher_2

I was made redundant in August of this year, my payout was around £2,000. My list of worries were endless - I work in an industry where wages have gone down considerably and jobs are hard to find. I managed to save another month's worth of wages as buffer while I was waiting to be made redundant - I think that actually did me good, breaking the whole habit of buying myself something just to cheer me up was a positive thing. I can feel myself falling back into that trap but ugh xmas shopping goes on regardless.

I've had to go freelance and start dealing with all that TAX gubbins. I would say that the prospect of redundancy was worst than the reality. I was out of work for 4 days before I was re-hired somewhere else. I don't have work for 3 weeks of December but since I'm being paid at a higher rate than before and I start another job on Jan 2nd 2013 I don't really care.

Don't underestimate the emotional impact of redundancy. Even though my whole company was laid off, so it was in no way a judgement of my work I did feel slightly 'shell-shocked' when I started a new job.

shaz77_2

So 3 weeks following your redundancy you have mananged to secure a new job which pays better? Sounds like you've done well to me.

McKneff

I got made redundant last year after 25 years, I got just under 7K, gave it to the kids, started my state pension and private pension and retired......bliss............

katie_saver

I agree about the comment about being shell-shocked...I think I actually grieved for the loss of my job. I had such a great boss, a great team and had worked there longer than I had ever worked anywhere.
However I did find a job very quickly and have been in it for 7 months, hating every minute of it. I never stopped looking for a better job, this one was just to cover the mortgage etc. Finally got my dream job and am now working my months' notice.
The money I got from my redundancy cleared all my debts so I feel like I am starting with a clean slate - silver lining and all that :A
Good luck OP! There are jobs out there, be patient and keep positive, being made redundant sucks but look on the bright side, you don't often get big pay outs and you may get a new job very quickly.

shaz77_2

Well done to all of the guys above.

SailorSam

I've been made redundant twice neither time with a massive payment, i found jobs fairly quickly although not well paid ones or the type i'd choose, but better than nothing. I obviously wasn't glad to lose either job but it probably did get me out of a rut both times and move on.

ryecatcher_2

So 3 weeks following your redundancy you have mananged to secure a new job which pays better? Sounds like you've done well to me.

I actually found a new job 3 days after finishing my old one which sounds great but I'd been looking for the last month before being made redundant without luck. The new job was for 4 weeks only, which was later extended. I feel like I've traded in a predictable, reliable position for a much more insecure existence - which admittedly pays better so it's swings and roundabouts as far as I'm concerned.

katie_saver funnily enough I've thought to myself that my redundancy did feel like a grieving process. I'm a planner by nature and suddenly finding my plans on hold, having to go back to the drawing board and mostly feeling that things were out of my control was really difficult. Beyond of April 2013 I'll be out of work again but in reality how much of the workforce are really secure in their jobs these days? I pretty much feel we're all (mostly) in the slightly leaky boat.

hcb42

hubby got made redundant right before Christmas last year, we went to LV as planned, he got about £28K I recall.

He had a new job by end of Jan, albeit on £5K lower salary and 65 miles away instead of 15, so that part has been a trauma, but we had the house on the market anyway, completed 2 days ago, and now he is 25 minutes away from work, as am I, so we have got there in the end.

Liz3yy

I was made redundant on 12th November from my previous job. We were only told on the 2nd....I received just under £4k in redundancy pay to soften the blow.

As soon as I was told my job was at risk I sorted my CV and applied for any job I was capable of and registered with agencies.

My job ended on 12th November, I was invited to an interview the very next day. On the 14th I attended said interview and an hour later was offered the job. It's better pay and an interesting industry.

Of all my ex-colleagues I am the only one so far with another job, and that has been down to my sheer hard work. My new job is tough to learn but I expected that, after all if it's easy it's not worth doing in my opinion

Goldiegirl

I was made redundant three years ago after 28 years in the same job.

I was very lucky in that I was able to take a pension as part of my settlement, plus a decent lump sum. As I was only just over 50, it was too soon to give up work completely, so I was able to find a part time job two days a week.

I love having more time to do the things that I want to do, that is the upside, but I do understand about grieving for my old job

It took me a long time to settle in my new job and feel that I had found my place in the new organisation.

I probably wouldn't go back to my old job now ( I couldn't anyway, as the office was closed) but it's been a long process to feel comfortable in my new working life.

My life has changed for the better after redundancy, but it was a painful process.

I'm still in touch with a lot of my old friends at my previous job, so I'm happy about that