2006-09-15 02:05:30 · 13 answers · asked by imh1953 1 in Business & Finance ➔ Personal Finance
No, the directors have syphoned all the funds of to their Cayman accounts and are going to clear off on one big jolly.
2006-09-15 02:08:42 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I was made redundant a few years ago and at that time, they had to give you 90 days notice or pay you for it if they didn't want you to work it....not sure about current legislation though
2006-09-15 09:14:08 · answer #2 · answered by Trillyp 5 · 0⤊ 0⤋
You need to check your contract of employment. This also relates to the years you have been with the company. certain companies are 1 week to the year you have been there. others are one month. Speak with your HR or payroll team if you do not understand your contract. If you don't like what they say and you are in a union speak with them. certain companies on a mass redundancy may other a 1 off payment which could be totally different
2006-09-15 09:08:45 · answer #3 · answered by alismudge 3 · 0⤊ 0⤋
Normal Redundancy pay is (if it is written in to your contract) 1 weeks pay for every year you have worked for the company. But do read you contract to see what it says
2006-09-15 09:19:14 · answer #4 · answered by fred_com_me 2 · 0⤊ 0⤋
It depends how long you have worked for the company. If you have worked there less than 12 months you are not entitled to anything. If you have worked there for more than 12 months you will be entitled to 1 weeks pay for every year worked or a similar figure.
2006-09-15 09:10:08 · answer #5 · answered by Pink Princess 2 · 0⤊ 0⤋
It really depends on your contract and how long you've been with the company. Most companies have around 2-5 days pay per year's service
Good luck
2006-09-15 09:08:20 · answer #6 · answered by Chazza xx Baby born 7/11/09 4 · 0⤊ 0⤋
probably not especially if you are the worse among the redundants. otherwise, go ahead and demand for what you think you deserve.
2006-09-15 09:15:42 · answer #7 · answered by phynx 1 · 0⤊ 0⤋
fraid not. Officially, the firm should pay you 1 weeks pay for every year you have been there. Over and above that is at their discretion.
2006-09-15 09:07:19 · answer #8 · answered by myownprivateroad 3 · 0⤊ 0⤋
Depending on the package, you are only entitled to statutorygovernment payout, which I believe is one week per every full year.
2006-09-15 09:15:23 · answer #9 · answered by Annie M 6 · 0⤊ 0⤋
I got a weeks pay per year employed.
2006-09-15 09:19:55 · answer #10 · answered by Crazy Diamond 6 · 0⤊ 0⤋