It’s a very worrying time for anyone facing a potential redundancy situation, and often difficult to know where you stand.
In this post our legal advisor Philip Landau provides some answers to the most commonly asked questions…What is redundancy?
Redundancy occurs where:The employer’s business, or part of the business, has ceased to operate; and/or The employer’s business has moved to a different place; and/or The need for work of a particular type to be done has ceased or diminished. Examples of redundancy situations
Examples of when someone may be genuinely made redundant include:
Our recent article revealed that one in ten employees wants to work more hours than they’re being offered. So, what financial steps can you take if you become a victim of underemployment?
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Not every career move is voluntary. Markets are fickle and employers may have to trim and adjust their workforces accordingly. So what can you do to protect yourself for those periods when you find yourself with fewer hours than you expected, or none at all? Jobsite discussed the issue with two IFAs, Alan Steel, founder and chairman of Alan
You can’t have escaped the recent turmoil in the High Street as Comet went into liquidation and then HMV, Jessops and Blockbuster entered into administration. Others may well follow.
The first thing that many people will tell you about redundancy is that, with hindsight, it can be a positive experience because it can push you to get a new and better job. But if you’ve just been made redundant, it can feel like a hammer blow.