Redundancy payments

[LATECOMER]

Does anybody know about redundancy payments?

I am being made redundant soon, and I have worked for my present employer for twenty one months and have been told that i am entitled to redundancy payment! Is this true because i thought that the cut off for redundancy was two years minimum service?

All advice gratefully accepted.

[Buenchico]

Unfortunately, you're right. The DirectGov website states:
"You have the right to a redundancy payment if you�re an employee aged between 18 and 65 and have worked continuously for your employer for at least two years"

http://www.direct.gov.uk/Employment/Employees/ RedundancyAndLeavingYourJob/RedundancyAndLeavi ngYourJobArticles/fs/en?CONTENT_ID=10029836&am p;chk=d2FENl

Chris

[LATECOMER]

Buenchico

Thanks for your prompt and informative reply.

I am even more depressed now......!

[antiguru]

You need to distinguish between statutory and company redundancy payment. Statutory is defined by law and requires 2 years service but many companies enhance this. This sometimes means they also make a nominal payment to those not eligible for statutory. I would usually make this one week�s pay (capped or uncapped) for each complete year of service. You won�t know for sure until the payments have been calculated what your company intends to do.