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Redundancy during long term bonus period
ronny1976
Posts: 22 Forumite
I was working for a company a while back which start a long term bonus scheme. This meant a large bonus payout for those who stayed with the company at the end of the bonus term. During the bonus term, our company was purchased by another company. We were told that all our bonuses and benefits would carry over under TUPE (UK regulation) including the long term bonus scheme.
The company switch took place and all was well to start with. However, a few months shy of when the bonus term ends, and a bunch of people have now been made redundant.
What is the situation with the long term bonus? Should I still receive my long term bonus payment even though I'm being made redundant? Does TUPE give me rights to this?
Any help would be very much appreciated
Thank you
The company switch took place and all was well to start with. However, a few months shy of when the bonus term ends, and a bunch of people have now been made redundant.
What is the situation with the long term bonus? Should I still receive my long term bonus payment even though I'm being made redundant? Does TUPE give me rights to this?
Any help would be very much appreciated
Thank you
0
Comments
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What are the contractual terms for the bonus.
Did they include any special cases like redundancy, good leaver, sickness etc.
What has been said during the consultation?0 -
Ensure it’s included in your Settlement Agreement as part of your redundancy. Otherwise whatever’s in it will be the entirety of your monies.
https://forums.moneysavingexpert.com/discussion/6077549/recommended-solicitor-for-redundancy-processOriginally Posted by shortcrust
"Contact the Ministry of Fairness....If sufficient evidence of unfairness is discovered you’ll get an apology, a permanent contract with backdated benefits, a ‘Let’s Make it Fair!’ tshirt and mug, and those guilty of unfairness will be sent on a Fairness Awareness course."0
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