Redundancy Looming - What Can I Do?

Stodden44 · 13 June 2016 at 3:47PM

So I have been informed by my boss (CEO of the company) that he is leaving. No firm date on his departure has been made but he is officially done with the company and wants to work on freelance basis.

The company I work with is one global company that has different sister companies within it. (I work in one of the sister companies alongside 4-7 of the other businesses). Due to the CEO stepping down, they have decided they will close the company. None of this has been announced and my boss is telling me this in confidence - so at the moment we are to act clueless to the looming redundancy.

Is there anything that I (or my team) can do to prolong the process? I have been here for just under 2 years so will only be entitled to a notice pay out.

A few things that might be worth mentioning:
-The company has recently bought shares in another company that does exactly the same thing that my current business does (marketing).
- I have felt as if my team and myself have been very singled out by the rest of the businesses. No one really interacts with us - but they are very friendly with everyone else.
- This company is global and makes a lot of money.
- The business is only closing because my boss is leaving. It is not because we are bad at our jobs.

Am I just a dead fish waiting for the call or can I be pro-active and possibly buy myself some more time?

Advice needed!

lincroft1710 · 13 June 2016 at 6:17PM

If I was in charge of closing the company, i would be giving you your statutory notice asap. Less than 2 years service, you are in a very vulnerable position.