all emploees have been made redundant i have been with the company 30 years i am 65 in january they say that it would be financil suicide to make me redundant so they are keeping me on till i retire the firm has not closed just the engineering side they are still buying new vehicles at £25000 a time
2006-09-10 00:12:11 · 7 answers · asked by geffhall 2 in Consumer Electronics ➔ Home Theater
the managements are not stupid
2006-09-10 00:15:16 · answer #1 · answered by Anonymous · 0⤊ 1⤋
It sounds kind but the real truth is that they are saving money, you will retire soon. But if they make you redundant they will have to pay a percentage of your current salary for every year you have worked. 30 yrs. would mean you'd have a huge payout paid by the company, a pension may or may not be less money overall, but they wouldn't have to pay it - an insurance company would.
That's their viewpoint.
Yours would be - do you need a company pension or would you prefer a payout because you have your own saving's plan.
Of course they buy new expensive equipment while making employees redundant, have you ever been in a budget meeting.
They cannot quantify an employees worth, just his cost.
In reality a business is it's employees - but number crunchers don't have a formulae that allows them to see that.
2006-09-10 07:26:31 · answer #2 · answered by Simon D 5 · 0⤊ 0⤋
Yes, that's business I'm afraid! With 30 years service, it would cost them a small fortune to make you redundant and your retirement is very close. Companies have to keep their redundancy costs to a minimum when 'losing' workers and the 'sums' are all done leading-up to the lay-offs. If they have shareholders, those shareholders want to see a maximum income from their shares; it's all about that 'bottom line'!
2006-09-10 07:28:50 · answer #3 · answered by uknative 6 · 0⤊ 0⤋
i can see where there coming from but if you in a union try getting them onto your case as it ageism when i was made redundant in 2003 there were men and women there that like you had been in service for over 30 years and going on our redundancies package it was over a thousand pound for every year of service and then severance pay holiday pay and enhancements so they were getting nearly £60,000 and if there are more then you in that situation you do the maths some serious cash payouts but my firm did not have the choice it closed completely and so no one got to stay linda
2006-09-10 07:27:35 · answer #4 · answered by linali 3 · 0⤊ 0⤋
They can only make your job redundant. If they get rid of you, whether your job is redundant or not, the most they'll have to pay you is your salary until January. On the other hand you're unsackable - why not stay in bed?
2006-09-10 07:16:48 · answer #5 · answered by Anonymous · 0⤊ 0⤋
see if they can make you redundant, 30 weeks wages not a bad nest egg eh? good luck 30 years service deserves more than a crappy carriage clock
2006-09-10 07:25:25 · answer #6 · answered by Anonymous · 0⤊ 0⤋
what relevence does this question have to do with home theater?
2006-09-14 04:21:51 · answer #7 · answered by bigphil 1 · 0⤊ 0⤋