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Typical redundancy package for a tech company in Dublin ?

  • 18-01-2026 04:36PM
    #1
    Registered Users, Registered Users 2 Posts: 4


    Hi,
    What kind of redundancy package would you expect from a tech (chip design) company in Dublin that is letting 20% of their staff go ?
    Any recent examples ?
    Would they just give statutory, or would that generally be only when the company is going out of business and unheard of for a company that is continuing to trade ?

    Thanks,



Comments

  • Registered Users, Registered Users 2 Posts: 14,787 ✭✭✭✭LambshankRedemption


    I'd be surprised if you got more than 3 months salary.

    Look at your contract, it probably states it there.



  • Registered Users, Registered Users 2 Posts: 8,835 ✭✭✭Fann Linn


    Depends on who is representing you, ie, Trade Union or on the other hand, how badly they want to clear the decks.



  • Moderators, Sports Moderators Posts: 27,054 Mod ✭✭✭✭CramCycle


    Is it voluntary? If so it should be a good bit more than statutory. They will probably announce it if so and give people a timeline to volunteer.

    Other than that you haven't given enough info, if it's a our back are to the wall and you won't be replaced, then if will likely be based on a recommendation above statutory, less than they can afford but enough to stop you going down a legal route if still trading.



  • Registered Users, Registered Users 2 Posts: 7,819 ✭✭✭timmyntc


    All depends on how big the company is also, like ireland only or a large MNC. Different rates generally for each



  • Registered Users, Registered Users 2 Posts: 454 ✭✭Soc_Alt




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  • Registered Users, Registered Users 2 Posts: 1,685 ✭✭✭black & white


    No idea about Dublin specifically but Mid West is 4-6 weeks. Statutory can be included or not, depending on who the company are, financial circumstances and other variables. I know 2 people that got laid off from different tech/It companies in 24 and they got in that range.



  • Registered Users, Registered Users 2 Posts: 4 TheRealProfessor


    Nope, nothing in the contract, and indeed I've never seen a contract that did include redundancy details.
    Also packages are invariably X weeks of salary per year's service, not a one-size fits all like '3 months'.



  • Registered Users, Registered Users 2 Posts: 4 TheRealProfessor


    Its redundancy, not firing people for cause, so of course they won't be replaced. To do so would be illegal.
    'but enough to stop you going down the legal route if still trading' - they are still trading but there is no 'legal route', statutory redundancy means, the legal minimum they are required to pay. If they pay this you have no recourse. Anecdotal evidence however suggests that companies generally do offer more than this legal minimum (unless they are going out of business) and I'm trying to figure out what is typical and under what circumstances they just do the minimum (is it only when they are going out of business ?)



  • Registered Users, Registered Users 2 Posts: 4 TheRealProfessor


    Not Ireland only, a Multi-National, offices all over the world, small to mid-sized I would say.



  • Registered Users, Registered Users 2, Paid Member Posts: 9,046 ✭✭✭plodder


    A reputable MNC should be offering way over statutory. 6 weeks pay per year of service (incl. statutory) would be the base imo. Might be capped at 52 weeks, but there should also be a decent minimum payout of 16 or more weeks.

    “The opposite of 'good' is 'good intentions'”



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  • Moderators, Sports Moderators Posts: 27,054 Mod ✭✭✭✭CramCycle


    Thats what I said, apologies if my english was not easily readable, I said if it's a our back are to the wall and you won't be replaced. There are cases of redundancy where their backs are not to the wall but they don't need the job done anymore, so they can afford to pay a bit more redundancy rather than have you go legal and try to claim there was alternative work or that the work is still there and they have just replaced it. Paying a bit more endears goodwill, less reputational loss and less likely the cost of a, even if it not justified, response via a solicitor and the time sink that is.



  • Registered Users, Registered Users 2 Posts: 2,511 ✭✭✭RebelButtMunch


    Impossible to predict. I've seen everything from 6 weeks for every year served, to statutory.



  • Registered Users, Registered Users 2, Paid Member Posts: 5,914 ✭✭✭blackbox


    Have you got good Union representation? That would make a difference.



  • Registered Users, Registered Users 2, Paid Member Posts: 15,922 ✭✭✭✭Dial Hard


    I'd be surprised if there's much union penetration in tech MNCs, tbh. I've worked in the non-tech private sector my entire life and have never worked in a company with any union presence, let alone been a member of one. It always bemuses me when it's the first answer to any query on this forum - it's clearly the default in some sectors, and literally just not a thing in many others.



  • Registered Users, Registered Users 2 Posts: 268 ✭✭HurlingBoy


    There is no trade unions in MNCs and definitely none in the US MNCs. They would run a mile if there were. Employees are generally well looked after with good benefits. The best I've heard for Voluntary Redundancies for the large MNCs is 7 weeks per year of service generally capped at 18 years as they need to make it attractive for people to leave. It may be less for mandatory redundancies. I have heard however of smaller US MNCs given mandatory only so it's very much on a case by case basis.



  • Registered Users, Registered Users 2 Posts: 689 ✭✭✭user060916


    Place I was in was offered 6 weeks per year and all stocks vested. Most took it, a few negotiated higher amounts.



  • Registered Users, Registered Users 2 Posts: 27,078 ✭✭✭✭Mrs OBumble


    They achieve that by hiring for many positions as agency workers thru Covalen and the like. Staff work at the same site, and now have to get the same conditions in terms of wages and leave. But when the redundancy train rolls around, the agency workers get statutory only.



  • Registered Users, Registered Users 2 Posts: 329 ✭✭MadeInKerry


    Ericsson just announced 35 voluntary redundancies. They are offering 6 weeks pay for each full year worked.

    Thats about standard for big tech companies.



  • Registered Users, Registered Users 2 Posts: 2,511 ✭✭✭RebelButtMunch




  • Registered Users, Registered Users 2 Posts: 329 ✭✭MadeInKerry


    Dont know what Ericsson said their cap is but there usually is a cap alright. When I got redundancy about 15 years ago the cap was 10 years. Most people werent over that cap but some were there up to 20 years at the time and felt hard done by.



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  • Registered Users, Registered Users 2 Posts: 2,511 ✭✭✭RebelButtMunch


    still, I get the feeling that's on the good side lately. Fair play.



  • Registered Users, Registered Users 2 Posts: 2,444 ✭✭✭Jizique


    https://m.independent.ie/business/technology/hundreds-of-tech-jobs-at-risk-as-irish-outsourcing-firm-covalen-informs-workers-of-cuts-to-meta-work/a1556101608.html



  • Registered Users, Registered Users 2 Posts: 12,975 ✭✭✭✭Oscar_Madison
    #MEGA MAKE EUROPE GREAT AGAIN


    4 weeks plus two statutory capped at a certain maximum total - usually equating to about 18-20 years or 2-2.5 times your annual salary sort of “deal” has been very common in large orgs.

    5+2 statutory or 6+2 statutory with a much more generous cap on years served would be considered excellent - but I’m not sure you’ll see many of those deals been given out. We’re im different times -A LOT more people will be leaving companies involuntary over the next months and couple of years. Companies will likely conform to a one size fits all model- those there a few years will likely get a reasonable generous payout- those with long service likely feeling hard done by due to caps on maximum years taken into account.
    But that will only be the start- what happens when the money runs out coz there’s gonna be a lot less jobs out there



  • Registered Users, Registered Users 2 Posts: 689 ✭✭✭user060916


    The statutory redundancy has a limit of €600 for the weekly pay when calculating redundancy.

    Most people I've known have negotiated far better than statutory.

    A lot of finance and middle managers were let go in our place and got a decent enough package. I put myself forward but didn't get redundancy



  • Registered Users, Registered Users 2 Posts: 63 ✭✭Eldudeson


    When my last company left Ireland (US multi), it was 6 weeks per year worked which broke down to 4 weeks at my wages + 2 weeks statutory of €600 per week. All was capped to 1 years salary and all was tax free so I walked away with a years salary. (more than I would have got in a year as it was tax free).

    The company had gone through a good few rounds of downsizing prior to closing Ireland completely and kept the redundancy package the same all the way through. The rumour was that it couldn't be reduced from round to round so that's why it stayed at the 6 weeks package.



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