redundancy - to stay or go

Im very interested in the replies to this thread. I have never fully understood the idea of "redundancy" being paid automatically and in such large expected amounts. I have to ask, is it the redundancy alone that keeps you hanging on here - that prevents you from accepting one of these other job offers? Is it really garunteed?

Owner/office manager asks us to reduce to 3 day week and draw stamps as biz not doing so well and cutbacks would keep it open.We all agree as we were told it would be shorterm solution to the problem and it works out better financially as wage with stamps higher than normal weekly wage.

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Hi,

Thanks for replying.

The reason I posted was that I’m not quite sure where I stand in regard to getting redundancy in this position.

I didn’t take the other jobs as all were lower paying that what I am getting currently working 3 days and getting stamps. I am in quite an amount of debt and I can’t afford to take a lower paying job at the moment.

The 5k figure isn’t an expected amount it’s the minimum redundancy payment as set out by the dept of employment. 2 weeks for every year worked plus 1 additional week. My understanding of redundancy is that the employer gets 60% of the redundancy paid back as tax rebate from gov so I don’t think it costs them a huge amount in the end.

I just think it’s so unfair. I go out of my way for him in that I draw my stamps to save him money and all I get is this we’ll see attitude as to if I will or won’t have a job.

Hope that’s made sense….

thanks

Is redundancy taxable? Where did you get figures for how many weeks your entitlement is ?

As an employee who worked there for over two years and is being laid off due to the business closing, you will be entitled to a statutory redundancy payment which is not taxable.

If you go to the Department of Trade, Enterprise and Employment website you will get more details of your rights (including minimum notice of redundancy) and there is a statutory redundancy calculator.