Redundancy question..

[eyeshade]

I knew today was going to be bad when I woke up with headache. I have been confidentially advised today that our organisation has very little money to continue so little in fact it doesn't cover one persons annual salary. I have explained to the finance people that they would need to pay redundancies to the 3 full time staff, 1 of 3 years, and 2 of 7 years. He has said there isn't enough money and doesn't know what to do himself. What happens in this instance? Where do they and us as employees stand? ES

[themas]

The company goes into liquidation. The employees make a claim on the Government Redundancy Fund. To do that you will need documentation from the liquidator. Call ACAS for advice.