We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
Voluntary Redundancy Question

Cat_House
Posts: 59 Forumite

So, 2 years ago I handed my notice in after 17 years service. I was offered voluntary redundancy where they would have to take on someone on my salary and give them a company car which I only got due to relocating 50 miles away. I would have to work 3 months to train a new person. They would give me one weeks salary per year which amounted to about 12k. I was persuaded to stay through guilt, not monetary, which I did. Roll on 2 years and due to health reasons I have handed in my notice in again. Not enough to claim on the company's sickness insurance but enough for me to say I Need to go. I have a DB pension from my old job which willl see us through to SPA. There have been a lot of management changes and my new manager who works 100 miles away has no idea of my serious input into the company over the years. I have made the company thousands of pounds in my role. It is a long story that I may go into later if I feel it would be relevant. I have lost out financially when the company moved 6 years ago and I had to move house and my hubby has been unemployed for three and a half years because of the move. So now, the situation is that I am not entitled to take voluntary redundancy and the company are fobbing me off with a 4K payment to do 3 months of training with my former employees, when they have now decided they are not replacing me. I only have to give one months notice. The 4K payment is in lieu of my bonus which I have already achieved and is less than the 10k plus bonus I would have achieved to the end of the year. They say as I will not be employed in March when the bonus pays out, so I am not entitled to it. The bonus forms part of my package as far as I am concerned. Nevertheless my question is, if they are not replacing me and I have offered to stay on to train the employees in my complicated job for 3 months, am I still entitled to take voluntary redundancy for the 19 years I have put in?
0
Comments
-
You are resigning there is no redundancy
VR is just an agreement between an employer and employee to terminate with a package there is no entitlement.
You decide what terms you want if they want you to stay on beyond the Notice period if that is the old offer that was on the table ask for it and if they say no leave.0 -
As above, VR is a gift not a right.0
-
So, 2 years ago I handed my notice in after 17 years service. I was offered voluntary redundancy where they would have to take on someone on my salary and give them a company car which I only got due to relocating 50 miles away. I would have to work 3 months to train a new person. They would give me one weeks salary per year which amounted to about 12k. I was persuaded to stay through guilt, not monetary, which I did. Roll on 2 years and due to health reasons I have handed in my notice in again. Not enough to claim on the company's sickness insurance but enough for me to say I Need to go. I have a DB pension from my old job which willl see us through to SPA. There have been a lot of management changes and my new manager who works 100 miles away has no idea of my serious input into the company over the years. I have made the company thousands of pounds in my role. It is a long story that I may go into later if I feel it would be relevant. I have lost out financially when the company moved 6 years ago and I had to move house and my hubby has been unemployed for three and a half years because of the move. So now, the situation is that I am not entitled to take voluntary redundancy and the company are fobbing me off with a 4K payment to do 3 months of training with my former employees, when they have now decided they are not replacing me. I only have to give one months notice. The 4K payment is in lieu of my bonus which I have already achieved and is less than the 10k plus bonus I would have achieved to the end of the year. They say as I will not be employed in March when the bonus pays out, so I am not entitled to it. The bonus forms part of my package as far as I am concerned. Nevertheless my question is, if they are not replacing me and I have offered to stay on to train the employees in my complicated job for 3 months, am I still entitled to take voluntary redundancy for the 19 years I have put in?
Making the company money is kind of the point is it not? You agreed a contract for X and completed the job to do this.
Check the small print on the bonus and of course get proper advice, it maybe worth spending a couple hundred quid now to work out exactly one way or another what you can do.
Also, you didn't have to move house, you could have left then and got another job.Don't trust a forum for advice. Get proper paid advice. Any advice given should always be checked0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.5K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.9K Spending & Discounts
- 244.5K Work, Benefits & Business
- 599.8K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards