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Redundancy

  • 13-05-2016 2:22pm
    #1
    e02bf0c5
    Registered Users, Registered Users 2 Posts: 10 ✭


    I was just informed today by my manager that I'm been made redundant on a last in first out basis.

    On that basis, I was told that they would give me 2 weeks notice and an additional month's salary to finish up.

    I'm just curious as to what I am entitled to as my contract states that I should get 4 weeks notice prior to termination.
    I've not been at the company a full 2 years however which seems to be the minimum required to receive redundancy package.
    Am I getting more than I would be entitled to essentially 6 weeks (2 weeks notice plus extra month pay) or should I be getting 4 weeks notice plus extra month or am I only entitled to 4 weeks or nothing at all....

    I've never been made redundant before so would appreciate any advice.


Comments

  • #2
    Stheno
    Moderators, Business & Finance Moderators, Science, Health & Environment Moderators, Society & Culture Moderators Posts: 51,690 Mod ✭✭✭✭Stheno


    At most you'd be entitled to four weeks as per your contract so they are being generous.

    You are not entitled to redundancy


  • #3
    Atlantic Dawn
    Registered Users, Registered Users 2 Posts: 84,762 ✭✭✭✭Atlantic Dawn
    M


    They are giving you a good deal, once your not there 2 years your not entitled to anything. Onwards and upwards, get your CV together and start applying for new jobs.

    Have you been working for a period of over 2 years for your entire working career? If you have been you can start claiming social welfare straight away when they let you go.


  • #4
    e02bf0c5
    Registered Users, Registered Users 2 Posts: 10 ✭e02bf0c5


    Thanks for confirmation.
    I had a feeling it was generous but I wanted to be sure - I wasn't planning on kicking up a fuss anyway, no point in ending on bad terms - but I've not had to deal with this before so good to know entitlements in case it ever rears it's ugly head again :)

    I'm not sure if I'm entitled to social welfare.
    I was started working abroad for 6 years straight out of college and then 1 year here as self-employed consultant which doesn't have the same benefits as PAYE but I've not really looked into it before.
    I might now that I've been working longer although the focus is on CV and onwards to a new challenge hopefully.

    By the way, Stheno - I'm still technically redundant no? It's just I'm not entitled to a redundancy package having not worked at least 2 years for this employer?
    'Made redundant' sounds better than 'let go' for new employer I imagine...


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