Active discussions

Meet the Other Phone. Flexible and made to last.

Meet the Other Phone.
Flexible and made to last.

Buy now

Please or to access all these features

Talk
AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

To wait for redundancy?

68 replies

DijfunvKd · 11/02/2022 19:32

I have worked at my current job for 8 years. I am expecting to lose it either next year or, at the absolute latest, the year after. That will put me at maximum redundancy pay, which is 2 weeks pay per year, so not an insubstantial amount. There is a possibility that once my job disappears and I get my redundancy, it will be recreated almost identically, and so I get to keep the job and bank the redundancy money.

I keep seeing other jobs advertised, and I'm not sure what I should do. Wait for the redundancy, or jump to another job now (or at least try to).

In case it's relevant, I have a mortgage by myself, so there is no back up from a partner's wage. I have about £3000 in savings currently (only bought my house last year which wiped them out).

Wwyd?

YANBU - wait for the redundancy
YABU - job hunt now

OP posts:
DoubleChinWoes2 · 11/02/2022 19:37

I don't understand how the company would pay you redundancy and you'd carry on working there. Redundancy pay is only given where you are being dismissed to mitigate against the financial impact of the job loss. You won't get it if you remain employed by them (although you might get pay protection if the alternative job pays less than your current roleq)

formalineadeline · 11/02/2022 19:40

There is a possibility that once my job disappears and I get my redundancy, it will be recreated almost identically, and so I get to keep the job and bank the redundancy money.

Why do you think the law would permit that to occur?

Meandthesky · 11/02/2022 19:40

Why would the company pay redundancy if you keep your job? Surely that’s redeployment rather than redundancy?

Isn’t there normally a period after redundancy where you can’t work for the same employer?

Justkeeppedaling · 11/02/2022 19:40

There is a possibility that once my job disappears and I get my redundancy, it will be recreated almost identically

This is illegal.

Do you enjoy the job?

I would say stay, but keep looking - if you see something you like that pays more then have a rethink
You don't have to accept jobs you're offered, but it might be good to get some interview practice in, for when you need it.

Original poster
DijfunvKd · 11/02/2022 19:41

@DoubleChinWoes2

I don't understand how the company would pay you redundancy and you'd carry on working there. Redundancy pay is only given where you are being dismissed to mitigate against the financial impact of the job loss. You won't get it if you remain employed by them (although you might get pay protection if the alternative job pays less than your current roleq)
In the job I work, if you are made redundant and subsequently reemployed you do get the redundancy pay,
OP posts:
Original poster
DijfunvKd · 11/02/2022 19:42

@formalineadeline

There is a possibility that once my job disappears and I get my redundancy, it will be recreated almost identically, and so I get to keep the job and bank the redundancy money.

Why do you think the law would permit that to occur?

I do, because that is what happens. I don't want people's views on whether they believe what I'm saying is correct. It is. I want views on whether I should wait.
OP posts:
Meandthesky · 11/02/2022 19:43

Struggling to believe your employer is acting legally tbh

CorrBlimeyGG · 11/02/2022 19:44

There is a possibility that once my job disappears and I get my redundancy, it will be recreated almost identically, and so I get to keep the job and bank the redundancy money.

Is this a TUPE situation? You need to explain what you mean.

Itsalmostanaccessory · 11/02/2022 19:45

You've misunderstood. You dont get redundancy money and then get redeployed.

Is it a Ltd company just dissolving to avoid issues, and then starting up under a new name?

Original poster
DijfunvKd · 11/02/2022 19:46

@Justkeeppedaling

There is a possibility that once my job disappears and I get my redundancy, it will be recreated almost identically

This is illegal.

Do you enjoy the job?

I would say stay, but keep looking - if you see something you like that pays more then have a rethink
You don't have to accept jobs you're offered, but it might be good to get some interview practice in, for when you need it.

I haven't given the details for anonymity purposes, but, for me in my role, it is absolutely not illegal. The employer changes, but the job does not.

And yes, I really enjoy it.

OP posts:
LittleOwl153 · 11/02/2022 19:46

I'd hold out for the redundancy assuming you are sure you will still get a job at the end of it. Redundancy cash will be good towards the new mortgage. I'd keep my ear to the ground though as I wouldn't want to be jobless at the end of it all....

Original poster
DijfunvKd · 11/02/2022 19:46

@Meandthesky

Struggling to believe your employer is acting legally tbh
They are.
OP posts:
Original poster
DijfunvKd · 11/02/2022 19:47

@CorrBlimeyGG

There is a possibility that once my job disappears and I get my redundancy, it will be recreated almost identically, and so I get to keep the job and bank the redundancy money.

Is this a TUPE situation? You need to explain what you mean.

Why do I? I don't want people telling me whether they think it's legal, or if I've misunderstood etc. I just want to know what choice they would make with regards to staying or looking elsewhere now.
OP posts:
mjf981 · 11/02/2022 19:48

Nobody here can advise you. We don’t know how likely you are to get the redundancy in the next year or 2 - we don’t work for your company. We are just random strangers. Best of luck making the right decision for you.

Original poster
DijfunvKd · 11/02/2022 19:49

@LittleOwl153

I'd hold out for the redundancy assuming you are sure you will still get a job at the end of it. Redundancy cash will be good towards the new mortgage. I'd keep my ear to the ground though as I wouldn't want to be jobless at the end of it all....
This is the thing - there is no guarantee of a job at the end of it. It's a possibility, but absolutely not a definite.
OP posts:
Original poster
DijfunvKd · 11/02/2022 19:51

@mjf981

Nobody here can advise you. We don’t know how likely you are to get the redundancy in the next year or 2 - we don’t work for your company. We are just random strangers. Best of luck making the right decision for you.
I don't want to know how likely you think it is. It definitely, 100% without shadow of a doubt going to happen.

I am expecting it to happen next year. If not, it will absolutely definitely happen in 2024.

All I want to know is whether people would wait for the redundancy pay, or start looking for a new job, giving up the lump sum but having job security.

OP posts:
Justkeeppedaling · 11/02/2022 19:53

anonymity purposes, but, for me in my role, it is absolutely not illegal. The employer changes, but the job does not.

Are you being TUPE'd then?

The situation you describe is not redundancy.

WingingItEveryDay7 · 11/02/2022 19:53

If it were me personally, I would wait, unless of course an amazing opportunity elsewhere happened to spring up. Also no harm in applying for something, you can always turn it down 😁 x

Mumoftwoinprimary · 11/02/2022 19:54

I would start looking for another job but with the plan to only accept one if it was significantly better than my current job.

SunnyKlara · 11/02/2022 19:54

How much money are you going to be able to save in the next year or so? How long will your redundancy pay last if it takes you some time to get a job? And how employable are you? (Ie are you in a niche field?) All these things would affecty decision

HopelesslydevotedtoGu · 11/02/2022 19:58

It depends how important the lump sum is to you, and how long it would take to find a new job if your job isn't re-created. If it takes you several months to find a new job the redundancy money will be spent on living costs (although I guess you'll get some paid time off, albeit with the stress of job hunting).

I would stay for it unless a fantastic opportunity elsewhere comes up in the meantime, however I'm coming from the perspective of someone who can find a new job easily in my industry.

Original poster
DijfunvKd · 11/02/2022 19:59

@Justkeeppedaling

anonymity purposes, but, for me in my role, it is absolutely not illegal. The employer changes, but the job does not.

Are you being TUPE'd then?

The situation you describe is not redundancy.

No, not TUPE'd. And yes, it is redundancy.

The person I am currently employed by will no longer employ me. The person who replaces them can choose to employ me to work for them. If they do choose to, it doesn't affect my redundancy pay.

OP posts:
Chocolateis1ofyour5aday · 11/02/2022 19:59

Having been in a similar situation (but mortgage paid off) I'd start tidying up your LinkedIn/CV and start looking around for a similar role elsewhere now so you can move and maybe even improved income. Relying on a potential redundancy windfall is more risky as you're presuming the job market would still be bouyant in 2 years time.

WeAreTheHeroes · 11/02/2022 19:59

If you enjoy the job, stay and take redundancy in the future. If you're not happy at work then look what else is out there.

Original poster
DijfunvKd · 11/02/2022 20:01

@SunnyKlara

How much money are you going to be able to save in the next year or so? How long will your redundancy pay last if it takes you some time to get a job? And how employable are you? (Ie are you in a niche field?) All these things would affecty decision
Probably about £5000 or so.

The redundancy won't last forever, but should last for a few months, because I have a second job which currently pays £17,500. My bills come to about £1000 a month, so I could afford to get by without touching the redundancy, with a much reduced lifestyle with regards to holidays, evenings out etc.

OP posts: