redundancy

popepaisley1 · 10-09-2015 04:06PM #1

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 · 11-09-2015 09:49AM

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 · 11-09-2015 12:07PM

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.

redundancy

Comments