Really hoping someone more knowledgeable than me can shed some light! Tia.
Charity was due to be taken over by another organisation. They pulled out last minute and we were told last week that the company was in administration and would be closed down.
99% of empoyees were let go with no warning at that point, told they would not be paid for September and would have to apply for statutory redundancy.
A few of us were told we would need to stay on for about 2 weeks and it was heavily implied that we would be paid as normal. Turns out that no, we wont. They have said that 'as a goodwill gesture' we will be paid arrears of wages in about 2 weeks once the new bank accounts were set up. We were also told that if we leave at this point we will be considered as having resigned.
We have a letter to say we will be paid, but I don't understand where this money is coming from. There is no money to cover anything beyond the pensions liabilities which are in the millions. Are they actually just going to turn round and say that there is no money to pay us once this 2 weeks is up? Also, I read something about a cap of £800 on wages arrears?
Feels like we potentially have the worst of all worlds. Stuck in limbo doing the awful work of having to let all our beneficiaries down, feeling guilty for still being employed but not actually gaining anything from this, delaying the date from which we can set any claims in motion and losing out on any loss of notice pay. Am I just being paranoid here or does this sound like the situation?
I am really struggling as I have never been through this process before and don't know how it all works so I don't even know what questions to ask and the administrator talks in such circles that I end up more confused than when I started.