Redundancy & Length of Service
in Redundancy & redundancy planning
19 replies 557 views
I have been working for the same company for the last 40years (35years full time job and last 5years at reduced hours) - length of service was continued when my hours were reduced. I am at risk of being made redundant and have been told that my reduncacy package will be based on my reduced hours and no consideration will be taken into account about my 35yr service at full time - is this correct? Where do I stand?
Latest MSE News and Guides
Martin and MSE campaign win
April's 20% energy price guarantee hike postponedMSE News
Childcare budget boost
More support for children from nine months and those on Universal CreditMSE News
Energy Price Guarantee calculator
How much you'll likely pay from AprilMSE Tools
Your employer staff handbook/HR policies will have the full details on how redundancy is calculated.
For the statutory redundancy scheme, all of your service time (full-time and part-time) will be used to calculate your length of service. The amount of a week's pay will be at your current rate (with the statutory maximum weekly amount).
For statutory redundancy payments, an employee needs a minimum of two years' service at the time of termination.
If a contractual enhanced scheme wishes to adjust the amount paid by looking over two years, they can do so (as long as the statutory amount is paid).
A Union would only be able to advise on a company's scheme if they had received such information from the employer.