Originally Posted by
EI-BUD
It was reported on this site in the weeks prior to the well publicised near collapse that the airline had commenced a head count reduction at HQ in Exeter.
Does anybody know where this exercise is at?
How many are to go? How will they fund the redundancy cost? I'm imagining that there are long standing employees who might well be entitled to apply a severance package.?
Anybody on here close to that process?
Unless you have defined in your contract specific redundancy terms or agree voluntary terms the English statutory redundancy terms apply.
They are rather less generous than most expect .
In simple terms first two years - Nil other than accrued holiday pay
The for complete years worked up to your 22nd birthday half weeks pay for each year service.
22 -40 one weeks pay for for each completed years service
Over 40 1½ weeks pay for each completed years service
Cap out at a maximum of 20 years service and cap of weekly pay £525 per week maximum
Maximum payment can not exceed £15,750