Redundancy - what do we do now!

[WhyWhyWhy2018]

Long term MNer but have name changed for this as details could be identifying.

DH learned today he was being made redundant. (Or informed that his consultation period is starting and that they are expecting the outcome to be that he no longer has a job after next month).

He's been there 12 years and we have two DD. I work FT but my salary isn't enough to cover our mortgage, let alone our other outgoings.

He is away for work for the next few days and they told him this morning, about an hour before he had to leave the office for his first flight.

I'm sh*tting myself about what this means for us. They haven't told him anything about the package they would give him.

Please reassure me that it could all be ok and we won't lose the house! Or if not then please give me advice about what we might be able to put in place to help us financially if it all goes horribly wrong...

Sorry to hear this. We are in a similar situation. All I can advise is check what benefits you are entitled to and claim them.

Your DH might get a redundancy package which will tide you over for a period of time.

I have found too that I need to keep DH busy so he doesn’t dwell on things.

It’s always a shock. It’s worked out better for oh x 2 for us. Ask dh to see what package is tomorrow and Give yourself the weekend. Seriously you will have breathing room(not loads) with consultation period and he can look for jobs in this time as they have to allow interview time .good luck op

With that amount of service his redundancy package should be reasonable so you are not in danger of loosing your house immediately. However you do need to examine your outgoings and cut down on unnecessary expenditure and use the money to pay off high interest credit eg credit cards etc.

He needs to update his CV and start looking and applying for jobs. NOW! My dh has been through this twice now so we do have experience and came through the other side. The second time was definitely easier for several reasons. (more service, hence more cash, and due to timing more job opportunities).