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Training fees

Hi all


Some advice required here.....favourable or not !!


I have recently finished a degree funded by my employer, however have tendered my resignation. I had signed an agreement whereby I pay back an amount based on the amount of time I spend with the company post completion.


My issue with paying this back however, is that I am more than happy to stay with my company but there are major re-structures occuring nationally and my job is under threat. I can not risk seeing how this redundancy situation works out, therefore I have found alternative employment and resigned.


Under this situation, is the reclaiming of this money likely? Surely the threat to my role, and thus threat to my financial security has influenced these actions?


Any advice is appreciated

Comments

  • sammyjammy
    sammyjammy Posts: 7,793 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I should hope so. I would imagine given they have invested a lot of money into your training its unlikely they will make you redundant.
    "You've been reading SOS when it's just your clock reading 5:05 "
  • johnnyl
    johnnyl Posts: 966 Forumite
    I didnt really ask for your assessment of my chances of remaining employed.


    FWIW - many highly qualified people WILL be being made redundant, irrespective of skill set. This is the nature of the business at this current point in time, not how skilled or not the individuals are.
  • As you resigned then they would be entitled to claim the % of money back as per the contract and your only hope is there is a clause saying that threat of redundacy negates this (and that is highly highly unlikely)

    Arrange a payment plan.
    Don't trust a forum for advice. Get proper paid advice. Any advice given should always be checked
  • w00519772
    w00519772 Posts: 1,297 Forumite
    I would write to them asking to pay £x back per month until it is fully paid. If my job was genuinely under threat then I would probably do the same as you. I would expect to pay back the full amount though or a proportion of it depending how long I was employed after the qualification was passed and how long it states in the contract of employment.
  • theoretica
    theoretica Posts: 12,685 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It is a pity you have already resigned, as if they were keen to lose staff they might have been open to negotiations - but now they know you are going anyway so have lost that incentive. You can point out that your resignation has likely saved them a redundancy payment and ask for it to be taken into account - but it seems to me that they would be entitled to insist on the letter of the contract if so inclined.
    But a banker, engaged at enormous expense,
    Had the whole of their cash in his care.
    Lewis Carroll
  • I think that if your company's financial situation is such that it requires re-structuring with associated redundancies, then it is highly unlikely that they will not require you to pay back the money as per the contract - they probably need every penny they can get!

    Besides, you chose to resign rather than wait to see if your job was actually going to be made redundant. Being 'under threat' is not the same as you receiving written confirmation that your role is definitely being made redundant.
  • paddyrg
    paddyrg Posts: 13,543 Forumite
    I think you made a booboo - company restructuring with some redundancies is not the same as the company letting you go. If they had said 'Johnny, sorry, you're last in, first out' you'd have been in a strong position to reduce/strike your debt.
    As is, it appears (to them at least) as if you've used them as cheap credit for your tuition fees, and I can't imagine that's gone unnoticed. It would seem extraordinary that you could duck your agreements by jumping to another employer.

    On the plus side, I presume you're earning more with the new employer (otherwise why jump, right?), so you can use the surplus to repay your debts.
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