End of July redundancy

Thrugelmir

Galloglass said:

Any planned redundancies will be known about well before the end of July which is why the chancellor moved now. And why you are seeing the larger redundancies being talked about now.  The rules are where 20-99 people are being let go from a site, then 30 days consultation is need. It's 45 days (i.e. from mid-May) where it is more than 100. 

https://www.gov.uk/redundancy-your-rights/consultation

His announcement of no change until the end of July means that the cliff edge has been moved from mid-May to mid-June. What I can't understand, and which appears to indicate them making it up as they go along (see previous moving advice), is why the detailed proposals for July-October won't be coming out for 2 weeks. Employers are close to pressing the button without waiting 2 weeks.

95% of UK business employs less than 50 people. Many thousands of individual decisions. Large scale redundancies are going to hit particular sectors of the economy which have no chance of recovering anytime soon. 

Grumpy_chap

col81 said:

It looks like a lot of people will be made redundant on this date. If the company has to pay 50% of the £2500 from then. No way will they pay people £1250 to stay at home ongoing. Very distressed 

The Government have also laid out the road map for businesses to return to work, and that currently has most businesses re-opening now, 1st June or 1st July.  If that time-table changes, or changes for certain sectors, it is possible that the Government would extend or provide alternative support going forwards.

I think, from one of your other threads, you have said you work in car sales and I understand that car showrooms are amongst the first to be re-opened.  If my memory is correct, you could be back in full-time work very soon and any concerns about redundancy would be allayed.

Semple

col81 said:

It looks like a lot of people will be made redundant on this date. If the company has to pay 50% of the £2500 from then. No way will they pay people £1250 to stay at home ongoing. Very distressed 

The idea is that if a company requires their employees to go back, even on a part time basis, that they share the salary costs with the tax payer... and why shouldn't they? The additional months of the CJRS should be for sectors that are unable to open due to restrictions in place, not for businesses who are running on half steam.

IMHO if a company is getting some work in, and are able to have some of their employees work part time for example, then it's fair they share the costs. If the company isn't getting any work in, then it's carry on with furlough as normal. The idea of insisting companies contribute to the salary costs is so they don't abuse the situation by having employees in to do work, whilst having the taxpayer cover their wages.

Galloglass

95% of UK business employs less than 50 people.

That's the problem with stats .... you have to know what they mean. The 95% you refer to only account for half the employment. The other half you appear to suggest won't recover anytime soon also are customers for the first half.

https://www.merchantsavvy.co.uk/uk-sme-data-stats-charts/

The usual advice in any downturn applies which is get liquid ASAP.

TheAble

poppy12345 said:

Ah newspapers, say no more...

https://www.bbc.co.uk/news/business-52853333

Oh....