Was made redundant very recently and went to 3 meetings.
First meeting to formally let me know that my position may be chosen for redundancy, the grounds / basis, how the process would work and the how a final decision would be reached.
Second was a consultation where I was able to put my views forward and basically say why my position should stay etc. I did offer reduced hours and less money and I threw everything I could at it hoping something would stick!!
Third meeting was the result. Not the one I wanted!!
I appreciate that there is a lot going on but update your CV and get it out there on websites and in agencies now. It is easier to find work when in work in my experience and you will be ahead of the game if the worst does hit.
You can influence the redundancy in the consulting stage so do throw as much at it as you can. Now is your time to shine with ideas, new ways of working, increased efficiency, working more effectively or economically.
Take someone into the meetings with you. Emotions can run high and a rock in there with who can offer a friendly face and reassuring smile is an amazing thing to have in my experience.
Now is the time to look as if you are working harder than you have ever worked before.
Be as calm and professional as you can throughout the process. While this is a horrible situation for you to go through it is not pleasant for the managers who have to be part of this either. Not many people bask in the glory of redundancies - amazingly I have met one or two that do!!
Wishing you all the best