What should i do?

Beatle_Ray

Hello, Need some advice please, the company I work for has been subject to a planned sell off to another company for the best part of this year but it is looking increasingly unlikely this will happen now and the chap that owns the company is looking to either sell to someone else which will mean that us staff do not go with him and get made redundant or we struggle on until we go bust, the first option looks the most likely, what advise in general can you give me please, I have been here 12 years so qualify for the max redundancy pay out but I still have bills to pay. If the company was going to be sold to the first named buyer then I believe I was going with them, I estimate redundancy would give me approx. £20,000

christianbeccy

Start looking for another job? Surely that's the obvious answer....

jobbingmusician

If your company goes bust, you will qualify for statutory redundancy payout from the state. However, this is only at state levels - I can't see it coming to £20k for 12 years as weekly earnings are capped. Try https://www.gov.uk/calculate-your-redundancy-pay/y

bugslet

If the business gets sold, is there no chance you would be TUPE'd over?