Redundancy. Options!

Hi,

Just being proactive, what can one prepare(apart from looking for new oppor) for someone who is working for 5+ yrs in a top company in the UK and redundancy plan is on managements book. I don't expect worst but in the current climate anything is possible.

>Is the company obliged to offer redundancy package?
>If the package is not enough could that be challenged legally?

Really no clue what more to ask for!
(I am a British Citizenship)

gainvidya wrote:Hi,

Just being proactive, what can one prepare(apart from looking for new oppor) for someone who is working for 5+ yrs in a top company in the UK and redundancy plan is on managements book. I don't expect worst but in the current climate anything is possible.

>Is the company obliged to offer redundancy package?
>If the package is not enough could that be challenged legally?

Really no clue what more to ask for!
(I am a British Citizenship)

They are obliged to offer a redundancy package and a variety of options. I am not sure how much else applies but I know the company I work for also allows all persons who have been made redundant to look for a new job internally during a 90 day "consultation" period.

I don't believe you can challenge any offer legally as this varies upon your salary, length of service, size of pension pot, company's financial health, etc