Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Help Keep Boards Alive. Support us by going ad free today. See here: https://subscriptions.boards.ie/.
If we do not hit our goal we will be forced to close the site.

Current status: https://keepboardsalive.com/

Annual subs are best for most impact. If you are still undecided on going Ad Free - you can also donate using the Paypal Donate option. All contribution helps. Thank you.
https://www.boards.ie/group/1878-subscribers-forum

Private Group for paid up members of Boards.ie. Join the club.

redundancy

  • 10-09-2015 04:06PM
    #1
    Registered Users, Registered Users 2 Posts: 120 ✭✭


    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?


Comments

  • Registered Users, Registered Users 2 Posts: 4,192 ✭✭✭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.


  • Moderators, Society & Culture Moderators Posts: 32,286 Mod ✭✭✭✭The_Conductor


    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.


Advertisement