Waht do I do

Fireflyaway

sangie595 wrote: »

Not great? No wage is "not great"? That has to be the understatement of the year.

Better than having no job. Op will still get paid! Might not be a great deal but yes it could be worse. Commission is better than nothing and can buy him / her some time to find another job.

Butterfly_Brain

Under TUPE, the new employer takes over employees’ employment contracts, including:

• all the previous terms and conditions of employment
• any failures of the previous employer to observe employees’ rights (so employees could make a claim for discrimination against the new employer, even if it took place before the transfer)
• holiday entitlement
• period of continuous employment - an employee’s start date is the same as before the transfer, so continuous employment isn’t broken
• any collective agreements previously made

It’s a breach of contract if the new employer doesn’t meet the terms of the employment contract.


More information here:


https://www.gov.uk/transfers-takeovers/transfers-of-employment-contracts

getmore4less

This sounds like a phoenix rather than a takeover/buyout.

Probably offloading debts and need to cut the cost base to make it viable.

Beatle_Ray

Hello,


Thanks for all the replies, I had a meeting with the HR manager who has asked me to consider a package which would help me and 'save' the company some money, for the holiday pay and notice payments I will have to pay tax on what they are suggesting is that I just take one months notice and they increase the amount they pay me in redundancy, that way I save paying income tax and NI and so do the company, is this uncommon, not sure what to do as I haven't been told what they are offering, the three months notice payment will be approx. £7500 gross, the tax I would get on the last month if you include this would also put me in the 40% bracket, I can see the logic, the redundancy I think was about £10K, advice please, thanks

DollyDee_2

Is that redundancy figure £10K correct? Or a typo?

31 years service, £35000 p.a.

lulu650

Assuming the company only pay statutory redundancy;
Length of service is capped at 20 years and weekly pay is capped at £479. The maximum amount of statutory redundancy pay is £14,370.

If based on contractual pay, ie your weekly pay is higher than £479, then you would receive more. Sounds like some room for negotiation here but you need to understand their calculations