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Redundancy and bosses job?

Hello - I am at risk of redundancy at the moment, and my boss has just announced he is leaving.

His job will appear on the list of available jobs at my business, and I am welcome to apply. It is a step up, but not an unrealistic one.

Is the business obliged to put me into the role, or can they recruit externally and then still make me redundant? :huh:
I've got a plan so cunning you could put a tail on it and call it a weasel.

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