0 money that a company pays to workers who have lost their jobs because they are no longer needed
1 money that a company pays to workers who have lost their jobs because they are no longer needed:
eligible for/entitled to a redundancy payment An employee becomes eligible for a redundancy payment after two years' continuous employment.
make/receive a redundancy payment
The firm is also discussing with the representatives of those working there the redundancy payment scheme and so on.
If so, why do not these people receive redundancy payment in the ordinary way?
Where there is a statutory redundancy payment and the business ceases, that would be taken care of, would it not?
The average time to process a redundancy payment is currently 10 weeks and the number of claims awaiting processing is 53,000.
The worker will not become eligible for a redundancy payment until he has served two years with his employer.
A man in another industry may work for perhaps 10 or 15 years and thus receive a reasonable and substantial sum in redundancy payment.
There cannot even be a partial allowance of the redundancy payment; the worker loses the lot.
Clause 17(1) requires the employer to give the employee a written statement indicating how the amount of the redundancy payment has been calculated.
