We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Redundancy Consultation

Options
We have been advised that the company will be making a number of redundancies. My job is at risk and the end of the consultation period is 27th March. I had already been looking for and applying for jobs and as there were rumours this was coming but it has only just been confirmed. I have a telephone interview tomorrow for a temp 9 month post and a second interview on Monday for another post. Should I be offered a job I would put myself up for voluntary redundancy but where do i stand with notice periods and redundancy pay? Any advice would be welcome.

Thank you

Comments

  • asajj
    asajj Posts: 5,125 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Rampant Recycler
    If the company accepts voluntary redundancy, they will pay you off as normal sometimes even bigger sum. As it is still dismissal, notice would be the same. Also it will be up to your company to choose you for redundancy should you wish to volunteer for it.
    ally.
  • kerry1986
    kerry1986 Posts: 34 Forumite
    Part of the Furniture Combo Breaker
    Thank you asajj.
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    if they get wind you have a job they could just let you resign.
  • kerry1986
    kerry1986 Posts: 34 Forumite
    Part of the Furniture Combo Breaker
    This is what i was wondering too. Although the company (HR) is helping people find new jobs. The way I see it is that i was looking to leave anyway if i get a job offer then i can resign which saves someone in my department getting redundancy and i get some finacial stability as new job would be six month probation
  • How long have you worked there? If it has been less than 2 years you might not be entitled to any redundancy pay and they might just accept your resignation. I had this once where there were 90 people let go and they didn't let anyone do voluntary over the 6 months it took. They just picked off people to make sure they were under their 2 years so they only had to pay them noticed. Even if it was over 2 years there is a statutory redundancy pay, kinda like ssp when you're sick, which is based on how many years you've worked there.

    I hope your interviews go well and you do find new work soon. I hope you're luckier than I was with that redundancy and they do pay you better than statutory if you do want to leave before the end.
    MFW OP's 2017 #101 £829.32/£5000
    MFiT-T4 - #46 £0/£45k to reduce mortgage total
    04/16 Mortgage start £153,892.45
    MFW 2015 #63 £4229.71/£3000 - old Mortgage
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Start with the package you get.

    Is it worth hanging on for it or not.

    Either way notice and accrued unused holiday.

    Some places are reasonable and pay out if people get jobs some look for any reason not to pay out.

    Ask as part of the consultation what the policy will be, they should expect anyone at risk to be looking so the question is a normal one.

    other things are the selection criteria, PILON, Garden leave or work notice, what packages are on offer, what help is being offered, finding internal jobs, or support for CV writing, interview skills, phone, time off etc.
  • kerry1986
    kerry1986 Posts: 34 Forumite
    Part of the Furniture Combo Breaker
    Thank you for your help. I will find out what their stance is on jobs and payout.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.8K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.8K Work, Benefits & Business
  • 598.7K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 257.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.