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  • FIRST POST
    • MadeofSteel
    • By MadeofSteel 9th Nov 18, 10:00 AM
    • 4Posts
    • 1Thanks
    MadeofSteel
    Dilemma......
    • #1
    • 9th Nov 18, 10:00 AM
    Dilemma...... 9th Nov 18 at 10:00 AM
    Good morning,
    My first post and could really do with a little help and advice on my upcoming redundancy please.
    I am being made redundant as of early next month and I had my HR consultation beginning of this week, my pay with all the adding everything together will be just shy of 24k.
    Although they have now told me that they are looking to keep one member of staff and would I be interested? Now they haven't as yet come up with a way of how it will all work as it is yet to be finalised.
    So, my dilemma should you be able to kindly advise is this,.
    Would you be inclined to take redundancy (hell of a lot of money for me) and look for another job?
    Or would you wait and see how things go?
    How does it all work? If I stay will I still be paid whilst things are being finalised?
    My head is muddled with it all, and I'm not sleeping properly, never been in this position in my life! (Redundancy)

    What would be the Pros/Cons?
    Many Thanks
Page 1
    • getmore4less
    • By getmore4less 9th Nov 18, 11:22 AM
    • 35,540 Posts
    • 21,726 Thanks
    getmore4less
    • #2
    • 9th Nov 18, 11:22 AM
    • #2
    • 9th Nov 18, 11:22 AM
    pros
    you keep a job and continue to accrue service.
    you cash in your service and move on.

    Cons.
    you stay and they just go bust or reduce payouts(if enhanced)
    you go and can't find another job and the money just runs out..

    As long as the new job is offered and starts within 4 weeks before you finish you are not redundant

    In practice many places just carry on drop the redundancy and sort out the new job like they would with any other internal job change.

    I would be wanting to know some basics like will it be paying the same is it something I can and want to do if different from the current job etc.

    Bigger picture is the place doing OK and worth staying, as places wind down the last ones out are often paid nothing and have to make a claim
    • micky2phones
    • By micky2phones 9th Nov 18, 12:27 PM
    • 434 Posts
    • 331 Thanks
    micky2phones
    • #3
    • 9th Nov 18, 12:27 PM
    • #3
    • 9th Nov 18, 12:27 PM
    Hi, if you do stay on please make sure its not a new contract thats breaks your service.

    When i worked they did make some people redundant paid them off and started them back on at a lower rate.
    • TBagpuss
    • By TBagpuss 19th Nov 18, 3:48 PM
    • 7,223 Posts
    • 9,461 Thanks
    TBagpuss
    • #4
    • 19th Nov 18, 3:48 PM
    • #4
    • 19th Nov 18, 3:48 PM
    Well, if they are offering you suitable work staying on you are not redundant, so it depends.
    Are they giving you first refusal, but are happy to keep someone else and pay you off if you don't want it, or are they offering you suitable alternative employment as an alternative to redundancy in which case if you turn it down you might lose your rights to the statutory redundancy pay.

    Assuming it is the former, then I think you would have to consider how easy you are likely to find it to get another job at similar rates of pay and conditions etc. If you are confident that you will be able to find a new job quickly, then think about whether you want to stay or go.
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