Redundancy Legal Advice

The economy has been on a landslide in recent years, which has accounted for many job losses. If you have lost your job due to the company closing or going bankrupt, this situation is called redundancy. An employment act was issued in 1996, stating that if you have been a continuous employee for 2 years or more, then you are entitled to payment from the company. This act is only valid if you were let go on a redunant basis.

However, the employer must proceed with a consultation period before they can claim anyone as redundant. The company must also be open to any alternative ideas you may have to keep you position in the company. If the employer is claiming less than 100 redundancies then the time limit they have before letting anyone go is 30 days. For more than 100, 90 days is required before anyone can be titled as redundant. The company is not allowed to let anyone outside of the company find out about the closing before the employees do. This includes the media as well. If the company fails to adhere to the guidelines, then you are allowed to make a complaint to the local employment agency.

If you are over the age of 18, then the hours you work per week is not included in how much money you are owed. The amount of money you make per week is included, as well as the amount of years that you have been employed. If you have been employed by the company for 20 years or more, they can only base the facts before the 20th year. The company is required to pay you when you are let go or soon after.

If the company is unable to pay you, or refuses to pay, then you are entitled to money from the National Insurance Fund. Also, if you and your previous employer are in a disagreement about how much they owe you, then you should seek immediate legal advice. Do not be nervous about contacting a lawyer. Legal advice can become expensive but many lawyers offer a free meeting, or they will not require any payment unless your case is won. When searching for a lawyer, try to find one who specializes in employment issues.

If you are receiving a pension within 90 days of your lump sum, then the total amount may be affected. Also, there is no tax paid on a redundancy check, but any payments received may be considered taxable income. There are specific circumstances when a previous employer is associated with a new one. If the old employer is scheduled to pay you a redundancy payment, and you are hired by the associated employer before the old contract runs out, then you will lose the payment.

Being let go by an employer can be difficult on your finances for months. Not only is your reputation affected, but also your credit. By taking the steps appropriate and seeking advice from a lawyer, you will be able to obtain the payment you deserve.