Has anyone managed to negotiate their redundancy package?

london21

prowla said:

Do check when your entitlements, pension contributions, etc. continue until.

they will pay notice period but benefits stop in 2 weeks. not garden leave. payment in leiu

london21

gadger999 said:

I got made redundant last year...we had an amazing sceme in place, negotiated by the union...4 weeks for every year upto 40 years old ..40 -50 years old 5 weeks....50 plus. 6 weeks...
I'd just hit 60 and 40 years service .. to say it was a no brainer is an understatement 

wow that is a decent package, what did they initially offer? Before i sign the without prejudice settlement agreemnt worth a try not to accept first offer. Economy not the best currently but do not think they are doing things correctly. One role two of us but the other person still working and both not going through the process. 

Wonka_2

london21 said:

gadger999 said:

I got made redundant last year...we had an amazing sceme in place, negotiated by the union...4 weeks for every year upto 40 years old ..40 -50 years old 5 weeks....50 plus. 6 weeks...
I'd just hit 60 and 40 years service .. to say it was a no brainer is an understatement 

wow that is a decent package, what did they initially offer? Before i sign the without prejudice settlement agreemnt worth a try not to accept first offer. Economy not the best currently but do not think they are doing things correctly. One role two of us but the other person still working and both not going through the process. 

IIRC that was a scheme negotiated before the event by the union - and that’s exactly what you don’t have hence why their ‘enhanced’ off to you is 2wks per year. 

silvercar

london21 said:

prowla said:

Do check when your entitlements, pension contributions, etc. continue until.

they will pay notice period but benefits stop in 2 weeks. not garden leave. payment in leiu

Benefits should last as long as the notice period. I kept a company car and health benefit package when on a notice period. While on notice you are still an employee, even if on garden leave.

I would think the only negotiating leverage you have is if you can say that you feel aggrieved, but agree to go quietly if they up the payment to XX. But you have to get the balance right, you want something that is within grasp not outlandish and you need to come across as asking for a bit of leeway rather than some sort of blackmail. If you feel that they would worry about the amount becoming public, you can offer to sign an NDA if it helps them.

london21

silvercar said:

london21 said:

prowla said:

Do check when your entitlements, pension contributions, etc. continue until.

they will pay notice period but benefits stop in 2 weeks. not garden leave. payment in leiu

Benefits should last as long as the notice period. I kept a company car and health benefit package when on a notice period. While on notice you are still an employee, even if on garden leave.

I would think the only negotiating leverage you have is if you can say that you feel aggrieved, but agree to go quietly if they up the payment to XX. But you have to get the balance right, you want something that is within grasp not outlandish and you need to come across as asking for a bit of leeway rather than some sort of blackmail. If you feel that they would worry about the amount becoming public, you can offer to sign an NDA if it helps them.

Thanks. Mine is not garden leave it is payment in lieu. They are paying off my notice period.
They have said they will get back to me with my request. 

london21

Some update. 
We had first consultation yesterday. Next consultation next week. 
The without prejudice settlement they have increased from 2 weeks to 3 weeks. 
First meeting with my lawyer tomorrow. 

Wonka_2

london21 said:

Some update. 
We had first consultation yesterday. Next consultation next week. 
The without prejudice settlement they have increased from 2 weeks to 3 weeks. 
First meeting with my lawyer tomorrow. 

Honestly - unless you’re in a strong financial position or the ‘agreement’ contains clauses unacceptable to you I’d be looking to snap their hands off and get the agreement signed. 

Remember they can withdraw it at any point until you’ve signed. 

london21

Wonka_2 said:

london21 said:

Some update. 
We had first consultation yesterday. Next consultation next week. 
The without prejudice settlement they have increased from 2 weeks to 3 weeks. 
First meeting with my lawyer tomorrow. 

Honestly - unless you’re in a strong financial position or the ‘agreement’ contains clauses unacceptable to you I’d be looking to snap their hands off and get the agreement signed. 

Remember they can withdraw it at any point until you’ve signed. 

I will try one more time. I am not been treated fairly overall. There are 2 at risk but only one put at risk and one going through the process.

The economy not the best currently not the best time to be out of work.