2006-08-05 01:33:09 · 13 answers · asked by frankmilano610 6 in Business & Finance ➔ Careers & Employment
Take the money and invest it. Put it in some kind of retire fund as long as you don't need it now.
2006-08-05 01:38:28 · answer #1 · answered by The Mick "7" 7 · 18⤊ 1⤋
At first I was put back from your use of the word redundant, thinking how you are exceeding what is necessary or normal. But the last definition, suited mainly for the British, means you're simply no longer needed at the job and hence getting laid off.
I know this is major setback to you, but you may have few options to accept. Many companies worldwide won't offer a "redundancy package" so take it, bless them, and be on your way for another job.
Otherwise, you can oppose the lay-off by showing management how valuable your work ethic and contributions to the company can be.
Good luck.
2006-08-05 01:45:14 · answer #2 · answered by Guitarpicker 7 · 0⤊ 0⤋
. . . the minimum they can get away with is 20 weeks gross wages (redundancy payments are tax-free) based on 2 weeks per year of employment; get the offer in writing then reject it in writing if it doesn't meet the above requirement. Your local Citizens Advice Bureau will help you with this and don't worry, you'll get your money . . .
2006-08-08 01:53:14 · answer #3 · answered by Astra 6 · 0⤊ 0⤋
Redundacy payments are normally calculated using your current wage, and the amout of full years you have worked.
So they may pay a ,months wages for every year you have worked.
For example:
Monthly pay = £1,000 * 10 = £10,000.
You may also get any holiday pay in lieu.
2006-08-05 01:39:07 · answer #4 · answered by JeffE 6 · 0⤊ 0⤋
The payout is'nt that good. My hubby was offered £14500 for just 6years with the company
2006-08-05 01:37:25 · answer #5 · answered by Anonymous · 0⤊ 0⤋
They don't have to give you anything. Take the ten thousand pounds and be grateful - you'll find another job, and the money will help tide you over until you do.
2006-08-05 01:37:29 · answer #6 · answered by mommadillo 4 · 0⤊ 0⤋
Great, now you can get the job you always wanted and go on holiday before you start with the money.
2006-08-08 01:55:36 · answer #7 · answered by Ralphy 2 · 0⤊ 0⤋
Happened to me twice - take the money, bank it, smile and remember everything is for a reason; something better always turns up ;-)
2006-08-07 05:03:18 · answer #8 · answered by Afx_acid 3 · 0⤊ 0⤋
sounds like the standard weeks wages per year worked there
or sometimes is 2 weeks per year worked
prob best just to take it and find something else im afraid
sucks though...sorry
2006-08-05 01:38:14 · answer #9 · answered by Ðêù§ 5 · 0⤊ 0⤋
Do you feel that is unfair?
I think I would... 1000 for each year worked?
2006-08-05 01:37:59 · answer #10 · answered by sonictransmissions2002 2 · 0⤊ 0⤋