Originally Posted by
m8internet
That is quite a cut, looks like either the Directors have given in or are hoping they can continue just by themselves?
Is the company actually ceasing trading on a specific date and able to make redundancy or being declared bankrupt / insolvent?
Finally, I need to know your current age, as the amount of redundancy depends on a few other factors
Assuming the company is continuing to trade, then for 15 years full service you are entitled to 12 weeks notice (the maximum calculated)
However, if both parties agree, you can leave on full pay early, and this is the usual solution as the current employer has no work (so saves them on some other costs)
Remember also that the redundancy follows the notice period, some employers make this mistake (and quite knowingly too), and is paid as a lump sum after the final payslip (it is important it is paid separate from that final payslip)
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