Being made redundant on saturday14th does my employer have to pay me redundancy payment when i finnish?

Answer 1

only in Finland

Answer 2

It depends on how long you've been with the employer. I hope you meet the requirements. I also wish you all the best in finding a new job soon.

Payment Criteria

Generally, in order to qualify for redundancy payments, the employee must be working under a contract of employment and have at least two years continuous service with that employer. Service before the age of 18 can not be included in the minimum two year period. The employee must also be aged 20 to 64 years. The number of hours worked per week is not relevant.

The self-employed and members of a partnership would not qualify.

The amount of any payment made is based on:

The number of complete years of continuous service
Age.
Weekly pay limited to the maximum set by the Government and reviewed annually.
The minimum required under the National Minimum Wage Regulations.
Redundancy payments are made automatically, there is no need to make a claim unless the employer fails to pay or disputes the entitlement. The employee should then firstly put in a written claim to the employer and if that fails ask an employment tribunal to consider the matter. This must be done within six months of the job ending.
An ACAS Conciliator may be able to assist here also. If the employer still does not pay, the DTI may be able to make the redundancy payment. The claim should be made on form RP1

Please note that in this case only redundancy payments can be made. Any other outstanding debts such as owed wages, owed holiday pay, compensation for pay lost through not being given the correct notice period by the employer can not be paid unless the employer is legally insolvent. If the employer has genuine cash-flow problems, for example, if redundancy payments were to put the future of the business at risk, the DTI may be able to step in once more and pay the employees directly.

The legal obligation for redundancy payments lies with the employer. If an employer genuinely can not afford these settlements, the DTI may be able to make the payments directly to the employees.
The employer is expected to repay the DTI as soon as possible, either in total or in installments over two to three years. The DTI will expect certain information and explanations from the employer such as why the redundancies have occured, whether all options have been explored and documentary evidence to support the employer's finanaial situation such as management accounts, bank statements and the last set of audited accounts.

If the employer becomes legally insolvent, an insolvency practitioner will be appointed to look after the business and deal with outstanding debts owed to employees. Claims should be made to the DTI. If money is still owed after payment from the DTI, the insolvency practitioner may be able to pay the rest if there are enough assets.

Answer 3

If you have worked for your current employer for a continuous two years then Yes you are entitled to redundancy pay. If you are aged 65 or over the company does not have to pay you anything.

Answer 4

It would be helpful to know what country you live in. Under US federal law, there is no provision for a "redundancy payment."

Further, if you live in the US, federal law only requires that they pay you for the hours that you worked when they normally would have. (And, even at that, it may only require that they pay you minimum wage, currently $5.15 per hour.) Your state may have better laws.

Answer 5

I'm guessing from your name you are from the UK.
If you have worked for the company for less than 2 years, i don't think you are entitled to redundancy payment.

Answer 6

Sorry to hear that.

No, but there is a government statutory payment that applies, after 12 months I think. I think it is very low though £250/year or something

Sorry, best of luck

Answer 7

I dont think of so. Making somebody redundant potential your place is not mandatory. in the event that they re-hire then its a criminal offense for some thing like 12months. whether there is loopholes, Ie: in the event that they re-employed you under yet another place call.

Answer 8

as far as i know its only if you have been employed there for more than 2 years

use this site http://www.dti.gov.uk/employment/employment-legislation/employment-guidance/page27698.html to work out what your redundancy will be

Answer 9

Depend on how long you have worked for them, you get a weeks wage for every year you have been there, that if you have been there 2 years I think

Answer 10

I think they must cough up within 28 days. Maybe less, if you were paid weekly.