Redundancy pay?

Alanofhastings

Hi, the company I work for is about to close and go into administration, I have only worked for them for 18 months and know that this doesn't entitle me to government redundancy as standard but in February of this year I was given a 5 year term contract from my employer and wondered if this has any effect on my claim for redundancy?
Thanks in advance

Alan

anamenottaken

Alanofhastings wrote: »

Hi, the company I work for is about to close and go into administration, I have only worked for them for 18 months and know that this doesn't entitle me to government redundancy as standard but in February of this year I was given a 5 year term contract from my employer and wondered if this has any effect on my claim for redundancy?
Thanks in advance

Alan

Statutory redundancy pay is based on the length of completed years of service at the effective date of the termination of employment, the minimum being two years' service as you have realised.

The projected length of your contract does not have a bearing on this. You will still be short of the required service as your current statutory notice period is one week.

May Administrators keep you on while things are sorted or does "about to close" mean you expect to lose your job within the next couple of weeks?

zzzLazyDaisy

You may be entitled to some assistance from the govt insolvency service

https://www.gov.uk/your-rights-if-your-employer-is-insolvent/claiming-money-owed-to-you

the 5 yr contract is irrelevant as they only pay out for statutory notice pay, wages owed, that sort of thing. But as someone else has said, the administrators may keep you on.