The Coronavirus Job Retention Scheme is set to close at the end of October, and many employers will be forced to consider making redundancies
The following list highlights some important points for employees to be aware of regarding their rights in respect of redundancy. Redundancy pay Employees on furlough leave retain the same rights to redundancy payments. Employees with two years’ service are entitled to a statutory redundancy payment. This amounts to 0.5, 1 or 1.5 week’s pay for each full year the employee has worked for the employer capped at 20 years, the amount dependent on the employee’s age Employees will receive 0.5 week’s pay for each full year they…
