redundancy

popepaisley1

ive worked in the same company for 9 years. i was wondering what would be a usual redundancy settlement for someone to get from their employer, ie, how many weeks per year of employment?

3DataModem

There's no "usual" as many companies pay statutory (2 weeks per year plus another 2 weeks, capped at 11k or so IIRC).

In the past some bigger companies have paid 4 weeks up to as much as 6 or 7 weeks per year.

The_Conductor

popepaisley1 wrote: »

ive worked in the same company for 9 years. i was wondering what would be a usual redundancy settlement for someone to get from their employer, ie, how many weeks per year of employment?

Normal is more often than not your basic statutory rights- which is-

• Two weeks pay per year of service over the age of 16 and
• One further week's pay

The amount of statutory redundancy is subject to a maximum earnings limit of €600 per week gross (before any tax or deductions are made).

Pay refers to your current normal weekly pay including average regular overtime and benefits-in-kind, but before tax, PRSI or USC deductions etc.

The statutory redundancy payment is tax-free.

Occasionally- depending on the sector- an employer may offer more favourable terms than the above (for example they may offer 3/4/5 weeks pay per year of service)- however, it is not a right, or an expectation.