I'm i entitled to redundancy pay?

Question

my company is relocating and i've only been there for a year, ive been sent a package that says i will be entitled to 25% of my annual pay. also a girl who has only been there for 6 months is also gettin this package. but ive lookied on the net and it says u have to work a minumum of 2 yrs to be entitled to redundancy pay. i questioned the manager and she said they are offering so much because then people will leave and then they will have to train completley new people for a few months till they close and they cant waste their time doing that. im i being taken for a ride and hanging around for nothing?

Answer 1

I don't think so, they are basically offering you this so you will stay until they move, they don't have to give you anything. You help them and they will help you, seems fair to me.

Answer 2

Legally a company does not have to pay redundancy to any employee with less than 2 years service. After 2 years each employee gets a legal minimum of around 250 quid for each year of service.

Usually, and in this case, the redundancy package is more than the legal minimum and includes all employees - WHY? Because your company does not want bad publicity and wants to be seen as a 'fair' employer.

So in summary - If your company wanted to make you redundant it could do so without giving you any money. The fact that you are offered 25% is very good and you should get it in writing ASAP and ACCEPT it in WRITING ASAP.

Then when you leave there will be no mistakes.

Remember redundancy payments are TAX FREE - so thats 3 months pay completely TAX FREE!!!!

Answer 3

if you're being offered 25% of annual pay after 1 yrs employment , i would grab it quick and look for a better job.
it's not a bad offer and i suspect you won't get a better.

Answer 4

yeah seems fair ( other than the fact your being paid off) they are not required to pay you anything

Answer 5

They can not withdraw the offer AFTER you accept it (in writing) ..