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For more on marking an answer as the "Best Answer", please visit our FAQ.It depends on what the owners decide to do. If the business is retrievable or transferable somewhere close by, they are likely to want to retain the trained workforce. So they might discuss with the staff keeping them on until they can restart.
If the business is going to be closed, they need to inform you of this, and give you notice of redundancy. You would be paid or notice period normally (as normal wages) then whatever redundancy is negotiated - at a minimum, the statutory amounts laid down by law.
If the business is going to be closed, they need to inform you of this, and give you notice of redundancy. You would be paid or notice period normally (as normal wages) then whatever redundancy is negotiated - at a minimum, the statutory amounts laid down by law.
Don't forget, if the owner is trying to heart wring you, they will have been insured against this so don't go feeling guilty and bad on their behalf. You have possibly lost your livelihood just as much as they have lost theirs. I know they will be gutted, but so are you.
Your rights are just as they would have been had the employer disposed of you in any way during the normal call of business. Remember � Insurance covers all. Though obviously, phrase it better if he is distraught (or pretending to be on your behalf. Sorry I�m cynical). If you're in a union, or any of your colleagues are, get them to ask the solicitors to check out various clauses, otherwise you'd still best do it but it will obviously be out of your own pockets.
Your rights are just as they would have been had the employer disposed of you in any way during the normal call of business. Remember � Insurance covers all. Though obviously, phrase it better if he is distraught (or pretending to be on your behalf. Sorry I�m cynical). If you're in a union, or any of your colleagues are, get them to ask the solicitors to check out various clauses, otherwise you'd still best do it but it will obviously be out of your own pockets.
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