Redundancy
Although you may not be entitled to redundancy if you have worked for less than the qualifying period ( it used to be 2 years, but someone suggested this was now only 1 year), you should always be entitled to payment in lieu of notice. HOWEVER, the National Insurance doesn't kick in if the company is still trading, so the quicker the administration is started the better. This would mean that the company is protected from its creditors, the remaining staff can continue to get paid, and those sacked will be able to get something back as well. I believe the system is for a professional administrator to be appointed by the courts, who will then run the company instead of Paul Stoddart, Stephen Woodland or whoever. In the case of AFX this was a company called Benedict Mackenzie who specialise in this type of work and have rescued companies in the past. Flight crew in AFX got about £1200 after tax from the National Insurance in lieu of notice, plus more for those who qualified for redundancy.
Hope this helps,
Yotter
Last edited by yotter; 23rd March 2004 at 20:23.