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: --
make/receive a redundancy payment
eligible for/entitled to a redundancy payment An employee becomes eligible for a redundancy payment after two years' continuous employment.
Each of those will be entitled to a redundancy payment at least as good as that offered to the miners.
After 10 years, at £12 a week, the gratuity would be £180, and redundancy payment for the same period of time would be £120.
He qualifies for a gratuity of a year's pay, which is £1,025, and redundancy payment of £600.
In this case it would, of course, prevent a man from obtaining two sets of payment—a redundancy payment and a payment of compensation.
Section 84 gives employees the right to claim a redundancy payment even though they have been offered suitable alternative employment by another employer.
Increases of staff for unemployment benefit, redundancy payment and special measures work were offset by efficiency and other savings of about 4,200 staff.
Queries which arise will, so far as possible, be cleared with the employer before he is due to make the redundancy payment.
Clause 17(1) requires the employer to give the employee a written statement indicating how the amount of the redundancy payment has been calculated.
