I am being made redundant through a restructuring at work.
There was some discussion that I wouldn't be eligible for redundancy pay but thankfully they have now come back to say they will now offer me redundancy or voluntary redundancy which is great news (well as good as it can be in the situation)
I don't know the real difference between the two and will research this and speak to my rep next week but I was hoping someone could please answer two questions in the meantime.
Our organisation is a large corporation and has a great redundancy compensation plan. I have worked for the business for currently 15 years but only 8 years to this current grade so:
- Would I get paid for my two weeks wage for the full 15 years or is it usually only to the current grade/job you are in?
- It would have been 16 years that I have worked here at the end of September which would mean I am entitled to two and a half weeks pay per year (this would be an increase of almost £5000 to my redundancy pay and would really help us out) Should I take the normal redundancy and try to delay things until after the date by which I would officially have been there 16 years?
Sorry, I know this is a rambling post and I'm probably not explaining myself very well but hopefully someone can help.
Thanks!!