Redundancy question

[sj78]

You guys seem to know what you are talking about, so maybe someone can help

Are there any legal rules regarding redundancy packages/pay-offs etc.? (i.e. companies where I have worked previously have given those made redundant one month's pay for ever year or part of year worked etc.)

Eight months ago I joined a small company nearer to where I live (rural Oxfordshire) so I could lose the commute to the City. Even though I brought in a shed-load of business, in the past two weeks the two contracts which are the lifeblood of the firm have been terminated (not my projects I hasten to add ) and they are now running at a huge loss and have to downsize from 5 employees to 2 - the MD is going to take on all my work so in three months time, I'm leaving.

Unfortunately there is nothing in my contract regarding redundancy other than a time limit, so I was wondering whether by law I'm owed anything in terms of pay-off.

I'm not actually that bothered as I'd penned my resignation letter last night to give in this week as a visa is in the process of approval for me and the wife to move to the States and the three months will take me nicely up until its time to go. I just want to get anything I'm owed by law as they will try and shaft me otherwise.

Any advice gratefully received

Thanks

Simon

[Big Al.]

If you have been made redundant, why are you resigning?

If you resign you should not receive any redundancy pay, as you will not be working out your redundancy period.

IIRC the minimum statutory pay was/is £182 ish for each year you have been in employment.

It has been a long time since I was made redundant, and things may have changed.

[greenie]

Your be employed for less than a year so your not going to get a big pay off.

You need to look at your contract of employment and see what the details are. What notice period are you on etc.

[Davel]

I believe that you have to be there two years to become entitled to any redundancy monies but things may have changed.

You may find more out on the ACAS website

[falcemob]

Legaly you are entitled to one weeks salary for every year you have worked for a company and 1.5 weeks salary for every year that you are over 41. As you have not worked for them for more than 2 years you will be hard pushed to recieve anything apart from 3 months notice. If you go to your local library or CAB they will have all the leaflets you need.

[sj78]

Big Al. said:

If you have been made redundant, why are you resigning?

I haven't resigned - I was made redundant this morning but I had written a resignation letter to give them as I was going to resign later this week anyway - they just beat me to it.

Several people have said I won't get anything as I haven't been there two years - oh well.

The only thing my contract says is that my notice period will be three months.

[icamm]

Talk to your company and see what they are "likely" to offer as a redundancy package. If it is not worth waiting for then resign as you were going to. If it's going to be worth waiting for then keep quiet and let the redundancy happen.

[Eric Mc]

There certainly used to be a "two year" rule. Things may have changed somewhat since Labour came to power as quite a lot of new employment legislation has come into effect since 1997.

Have a look at a relevant website - ACAS for example and you might get some useful information.