About to be made redundant again. Not sure how to play this?

n1guy

So we got taken into the office yesterday, boss is selling up, knew it was coming as he’s getting on now, the business is in an industrial estate, boss owns it all so quite a few people will be made unemployed.  The land will be used for housing.  

I’m there 10 years so 10 years redundancy.  The boss said no voluntary redundancies at present, when the business is sold we’ll all be notified,   Now I said I’ll be made redundant again as this will be time number 3 a firm I have worked for has closed,  I know the crap that follows, waiting months for a payout,  taking any crappy old job just to pay the bills and them jobs are usually awful, you dread going to work every day, the bullying the sleepless nights the generally being treated like dung, the just hating life because of these crappy jobs.

I look now at the market, came across 3/4 decent jobs I would probably get but of course if I go now no redundancy, I don’t know how long it takes to sell ground or a business, It may take a month, it may take a year or two, there’s also talk of a mini recession looming which may effect the sale.

unsure what to do so any advice appreciated 

YBR

Is it possible that the business might be sold as a going-concern and your job would continue (perhaps re-located?)

n1guy

YBR said:

Is it possible that the business might be sold as a going-concern and your job would continue (perhaps re-located?)

The business itself has been running at a loss for a while apparently, Boss just wants rid and to retire.  The building itself is old 1950s and is leaking and crumbling, it would just need knocked down so can’t see anyone wanting to buy it.  The land associated is massive and would get quite a decent size housing estate on it. 

gwynlas

If you can secure a good job straightaway then forgo the redundancy payment as it would not be much amd you might have to wait for it. Why put yourself through the stress?

penners324

gwynlas said:

If you can secure a good job straightaway then forgo the redundancy payment as it would not be much amd you might have to wait for it. Why put yourself through the stress?

15 weeks tax free as a minimum doesn't sound 'not much'

Ath_Wat

If you could get 3 or 4 good jobs now, what makes you think that if you wait for redundancy you will have to  take "any crappy old job just to pay the bills."?

lincroft1710

No harm in applying for these jobs, there's no guarantee you'll get one of them. Only if you get an offer do you have the dilemma of "Do I take this job and leave now or do I wait around, take the redundancy and hope the money doesn't run out before I get a new job?" 

Thrugelmir

Does the boss want you to stay?  If so, negotiate a bonus to remain to the bitter end. . 

n1guy

Ath_Wat said:

If you could get 3 or 4 good jobs now, what makes you think that if you wait for redundancy you will have to  take "any crappy old job just to pay the bills."?

Yeah I know. The job market is actually decent at the moment, best I’ve seen in quite some time.  Just worried that may change 

Scorpio33

Always go for the job over redundancy, if it is the correct job. Having been made redundant 5 times myself, I feel your pain. The key is knowing if this other job would be that good.

The only thing I would say is to speak to your boss, once you have an offer of a new job (which you don't have to take). Having been there 10 years, he may offer you better terms. But long term stability is always better than the redundancy. For me, mental health is always more important than money.