Originally Posted by
Hussar 54
Doesn't the UK Government have a 'Fund ' for employee redundancies when there's nothing left in the pot ?
It does, it works, and the operation of the claims process is pretty efficient for UK civil service.
However, payouts are capped at not much more than minimum wage, and the number of weeks you can claim for is limited, and then they take tax and NI off the payout too.
Employees are also preferential creditors in respect of wages owing - sounds good until you realise that bit is capped again at a low level, so you are a preferential creditor for a small part of wages owing.
Basically if you are on minimum wage, you'll get your money from the govt, if you are on more you'll get a little bit more money than if you were on minimum wage. The rest you have to fight the administrators for, it's not difficult for the amount lost to be in five figures, and it quite probably will be for pilots.