Do I take offer of Redundancy or stay put?

S

Strider

Registered User
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Greetings,

I have been working 10 years now. Duties Customer Service, export admin seeing orders through from beginning to end etc.

Corporate need a worldwide headcount reduction and a number of voluntary redundancies are available for a few days only..

I would receive a net payment in the region of mid 35,000 this is a nice sum but.

2 years into a mortgaged house, loans of around 20,000 (3 - 4 years left to pay) 2 children both in secondary school. Partner has a good job but at moment it is 15 hrs week. Location NW of the country. It is not guaranteed as company has final say and it may be a "NO" anyway.

Options:

Become self employed as either (or both) computer / office equipment repair servicing software etc or interior house painter.

Work in a call centre or shop for at least 10,000 less than current salary.

The optimist in me says "Go for it take the risk, your good your versatile one time offer etc" :cool:

The pessimist in me says "Stay put, pay the loans what about the house, the kids the security and the future. Be content and comfortable" :eek:

I always tend to go on the side of caution and am very happy to work there till I retire.

What if i go for it and it all goes bad. What do we lose??????
 
Re: What to do, oh what to do.

My two cents : stay put. €35k isn't worth the worry especially when you have young kids. Furthermore, you may get better redundancy later when you have more years of service built up.
 
Re: What to do, oh what to do.

What to do, oh what to do
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Posting guideline 2 -

2. Please make the heading of your question relevantDon't post a general heading such as "help !" or "Mortgage query". If you post a heading such as "Mortgage for separated couple", it will get a better response and will be much easier to find if you need to go back to look for it.
 
Last edited by a moderator:
My wife and I were made redundant from the same company last year.
We both got nice packages and have invested them quite well to date.
We have two children and the extra time with them has been great.
I am back working full time now and my wife is contracting a few days a week.
It is working out well at present.

However in the current climate and your present situation I would agree with the previous poster, stay put.
You will fly through 35K if you start up your own business or take some time or hit some unforseen expense.
If you have company benefits that cover your family that is another reason to stay put for a while longer.

Just my opinion, hope it helps.
 
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gocall01 said:
My wife and I were made redundant from the same company last year.
We both got nice packages and have invested them quite well to date.
We have two children and the extra time with them has been great.
I am back working full time now and my wife is contracting a few days a week.
It is working out well at present.

However in the current climate and your present situation I would agree with the previous poster, stay put.
You will fly through 35K if you start up your own business or take some time or hit some unforseen expense.
If you have company benefits that cover your family that is another reason to stay put for a while longer.
Just my opinion, hope it helps
Click to expand...

Thanks for posts and I do agree. We spent too long getting to where we are now, the loans were for mostly to get the house etc and will be paid off. We are happy here and worked very hard to get to where we are now.

What we want now is to be able to help our kids with their education and future. At the moment all it well and why change or risk it.

There is always a " What If " I guess but if your single and living at home that the odds would be much much higher in taking the risk.

.
 
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