Donate SIGN UP

redundancy pay

Avatar Image
parki90 | 18:28 Fri 01st Apr 2011 | Jobs & Education
4 Answers
what is a reasonably redundancy pay sum for a 40yr driver,class 1,who has been working for a decent family run firm for 7yrs..been told it will be more than the statutory redundancy
Gravatar

Answers

1 to 4 of 4rss feed

Best Answer

No best answer has yet been selected by parki90. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
http://www.direct.gov...DoItOnline/DG_4017972 gives you statutory, which will at least tell you the minimum
It's really hard to say, all you have to get is the minimum.
The minimum is 1.5 weeks pay for each year you have worked for them up to a max of about £400 per week. Anything over that would be a bonus. A lot of Companies have their own scales for redundancy and this should be in your contract.
Statutory would be approximately £3500 I estimate.
The fact that he's drivenfor 40 years isn't relevant. The employer may have its own scheme. These typically pay anything between 1 and 4 weeks' pay per completed years' service, although I expect the figure will be at the lower end of the range and won't be much greater than the statutory payment- less than £10000 I'm sure

1 to 4 of 4rss feed

Do you know the answer?

redundancy pay

Answer Question >>