Anyone know the rules on redundancy?

Question

last week my boss told me that the company had gone into liquidation and that a new company was running where my terms of employment etc. would remain exactly the same apart from the name of the company. Am I entitled to redundancy from the old firm (16 months) ?

the company is uk based

Answer 1

Hi!

No redundancy I'm afraid, coz you're not losing your job.

Redundancy (when payable) is only payable after 2 years continuous employment.

Hope this helps!

Answer 2

Not from what I can see. The company is just being taken over by a new Director, therefore you still have a job so there is no reason for you to claim redundancy, simply because you haven't been made redundant. Which is great don't you think? However I wouldn't be surprised if this new Director starts to make some redundancies in order to bring some of his own troops in.

Answer 3

the united kingdom rules is while you're employed for below 2 years then the corporation would not might desire to furnish you notice and any redundancy pay - they're going to purely might desire to pay what's as a results of you in terms of income and go away accrued. After 2 years employment you're then given the minimum statutory fee required via the government - i.s: a million week in line with 12 months worked. this might enhance yet relies upon on your age. seem on the positioning under - it additionally advises what approaches your boss has to stick to - with a view to no longer create a challenge the place you're classed as "unfair Dismissal"

Answer 4

No redundancy money going to any one. The company is just changing it's name.

If the company was closing, then ONLY the people who have been there 2 YEARS OR MORE get any redundancy monry.

Answer 5

No compensation for redundancy as you are still in employment.

Answer 6

s uc my dic and u r redundant