sorry to use the cliche thread title, but here we are.
my role is to be made redundant, most likely at the end of March. I've been there 14 years & a bit and I'm on a not unreasonable salary for Bradford, so the redundancy package is going to be substantial. Not substantial enough to retire on but it'll pay the mortgage for a good while.
I've seen a few threads on here like this, but I feel strangely not sad, or shocked, or disappointed, but I'm actually quite happy 8O. I'm looking forward to my next job, whatever that may be, maybe a few weeks off, and having some money in the bank for a change
and it the phone just rang with an interview for next Wednesday, contracting...
I feel weird that I'm not disappointed
Don't take too long off, it's amazing how quickly that money drip, drips away....
All the best mate, I bet it's the best thing that happens to you.
I'm supposed to find out tomorrow if I'm to be redundant. Sadly my company only offering statutory redundancy 😕
I keep seeing stories about redundancies at the same time as the official figures keep showing unemployment falling. Something's not stacking up...
Good luck in your job hunts. As a contractor I expect to have to go through it at least once a year, it's not easy
brooess - Member
I keep seeing stories about redundancies at the same time as the official figures keep showing unemployment falling. Something's not stacking up...
[url= http://singletrackworld.com/forum/topic/how-many-armies-does-the-queen-have ]It's the Queen's doing.[/url]
Best of luck in the job hunt, and enjoy the time you have to discern where you want to go! Seriously, I hope it is not a trial for you.
Sadly my company only offering statutory redundancy
same here, but I've been there 14 years & I'm on a decent salary now, so it should stack up to somewhere around £18k. We have savings that were going to go on a new kitchen, C/H system and possibly a holiday, but add that to the redundancy package & that's equivalent to about a year's take home... Hopefully it won't take a year to find the next job
ideal scenario is for Wednesday's interview to work out with an offer of a contract and start mid April. I could do with a couple of weeks off.
I've known people go contracting at this company before and be there for 5-6 years on contract rates.
I was made redundant in February and had similar feelings to yourself. The company I worked for went bankrupt so I was only entitled to statutory redundancy payout but hey ho life goes on. I have not rushed the job search and plan to find something that is right for me. I did plan to make the most of the weekdays by riding the malvern hills while they're at their most quiet but that hasn't quite worked out.
I hope I'm wrong but I fear statutory redundancy is capped at something like £300 per year, which rules out 14 grand. Let's hope I'm wide of the mark.
The cap is £464 pe week per year of service so 14x464 = 8500ish
Plus my pay in lieu of notice = 12 weeks at full pay. That's another 9500ish. Like I said, not a bad salary
And I have a day and a half holiday accrued but not yet taken
Excellent, I should have guessed you would have checked.
And of course there's my salary for March to add in as well.
Redundancy was the best thing that ever happened to me. Totally changed my job after 20 years doing the s..a..m..e...o.l.d...b..o..r..i..n..g...c..r..a..p.
It was totally out of the blue and I was shocked TBH but only because I know I had to get my finger out, retrain, and get applying ASAP. Once you know it's coming for sure it is a bit of a bind having top go in for the last few weeks though....!
Go for it! You'll be fine! 🙂
I hope I'm wrong but I fear statutory redundancy is capped at something like £300 per year,
You're right, but it's only a minimum. My previous firm looked after me very nicely. I used to dream of getting £10k but got £17k for 11 years service.
Oops, my bad. 14 x 464 = 6500 ish, not 8500 ish
Still, add in March salary and it comes out just shy of 19k
But wont you pay tax on the the 12 weeks for lieu of notice so will be a reduced figure.
Adding another name to the redundancytrackworld thread.
Funnily enough, all I've felt is relief too!
Agencies have proven pretty useless so far, but thankfully old contacts have come up trumps with a number of interviews.
Work in IT and Cambridge is an hour up the road, so feeling pretty confident for the future.
[quote=psychobiker said]But wont you pay tax on the the 12 weeks for lieu of notice so will be a reduced figure.
yup
You only pay the tax on t pay in lieu of notice if it's in your contact that the company can do that, if they just give you the money to go away it isn't taxed up to a 30k limit.
Apparently not. Tax is payable only on any part of the redundancy package that's over £30k
D'oh! Riddoch beat me to it 🙂
Obviously March salary will be taxed & NI'd as normal
I was right the first time about the statutory redundancy pay being about 8500.
9 of the 14 years are aged over 41 so I get a week and a half for each of those years 🙂
[quote=john_drummer said]Apparently not. Tax is payable only on any part of the redundancy package that's over £30k
Don't think it's that simple with regards to PILON (payment in lieu of notice). It depends upon your employment contract.
http://www.personneltoday.com/hr/legal-qa-when-can-payments-in-lieu-of-notice-be-paid-tax-free/
In our recent redundo package the PILON (3 months) was taxable.
HR person today said there isn't anything in my contract about it so it should be tax free. But on the other hand, last week she thought it was taxable. I need to get an exact answer on that.
At least you can contract and ride more?
Contract yes.
Ride more? That depends on Mrs_d - she's just recovering from 8 months of surgery, chemotherapy and radiotherapy for breast cancer. She doesn't want to have to look after a broken me, not earning, on top of all that, so I'm sort of grounded at the moment
Anyway. PICk/universe/SB+ analyst/developer with 25 years experience available from end March. Leeds/Bradford area. I do know some Cognos BI tools and SQL but they're rather rusty.
And I play drums so I could do that, or a drum tech for a pro rock band.
And I brew beer so I could do that too
Before you restart work, John, come on the touring weekend in D & G, you can keep me and Ton company at the back.
Good luck with the job search. 😉
Cheers chip. D & G?
Just remember that however much you get it will never be enough. Enjoy some time off but start looking for a role straight away as it could take a couple of months.
I started already 🙂
Have an interview next Wednesday 😀
does anyone know if there are rules around a company recruiting either a permanent staff member or contractor to do the work of someone they have made redundant? Also, rules regarding hiring me to do contract work after making me redundant? They're going to have to do something, I'm going to be pissed if they hire someone in, but on the other hand if they can get me in as a zero hours contractor, it could work in my favour, but I'm pretty sure it's illegal. Although part of me doesn't really want to have anything to do with them any more.
As I understand it -IANAL - an employer cannot replace a role that has been made redundant within 6 months of the redundancy date. Note how I say "role" rather than "person"
If you have three analyst/programmers and you make one of the jobs redundant, you cannot employ another analyst/programmer within 6 months. I don't know if you could recruit a systems analyst and/or a programmer within that 6 month period.
Re-hiring you for specific tasks at contract rates is, afaik, permitted. But as I said, I 'm not a lawyer, or an HR lizard
What do you do Jim? I know we work in the same industry and know of some positions available. JK.
As John-Drummer has said the company can not EMPLOY anybody into a ROLE that was subject to redundancy for six months.
HOWEVER they can contract a similar role to an ex employee if that is required by the business. It happened to both someone I worked with and myself in the past. I was made redundant after three years with a very very nice redundancy package from a systems implementation role and within six months was back on site for three months doing a systems accountant role on a lot higher rate.
Good luck for Wednesday.
Just a small piece of advice on job seeking.
Don't be at all surprised if the first 4 weeks you apply, and hear absolutely nothing. It can feel like you're in a hole and there's no way you'll get out.
the next 4 weeks is often stuffed full of interviews and the agencies starting to chase you
Hopefully after that, the offers start to come through.
And remember, there are no interviews you don't attend. You never know what may turn up and they are all good practice.
If I had 4+ weeks notice of a possible redundancy, I'd spend almost all my time at work being paid to job hunt to cut out the start of the cycle when I walked out the door.
Oh, and I've been made redundant twice, and genuinely, the best that could ave happened both times. I guess I need a kick to get going!
we were first advised of this on Tuesday last week, since then I've updated my cV at least twice, and registered with a number of job boards e.g. reed, monster, CW Jobs, etc.
I've actively applied for about 15 jobs and had positive feedback from probably half a dozen of them, but I'm also starting to get calls from agencies that I hadn't previously spoken to. As I mentioned above I already have one interview confirmed but I'm expecting to get a few more before the end of the month
it's all quite exciting actually! 😯
Good time of year to be made redundant - Spring around the corner, lots of bike rides, jumpers for goalposts etc
Dumfries and Galloway . . .
http://singletrackworld.com/forum/topic/touring-weekend-anyone
Actually the rate projects are getting delayed and cancelled I don't think they will need to find someone to fill my role!
juanking I'm a GIS consultant, mostly working in environmental consultancy side as my background is environmental, but as well as that in the last 4 years been doing a lot of non-environmental marine work, so mostly O&G/renewables work supporting flow assurance, pipeline/interconnecter/cable routing, etc etc. At this point in time I'm not sure staying in O&G is a good plan though, at least in the UK.
Dumfries and Galloway . . .
http://singletrackworld.com/forum/topic/touring-weekend-anyone
ah I get you.
sorry, no can do, grounded at the moment for fear of leaving my wife having to look after me when it should be the other way round as she recovers from cancer treatment
On a similar vain, I've just been advised that 1 of my Clients with a turnover of circa £35million has just applied for a CVA. I may as well say bye bye to the money they owe and I expect it isnt going to be be pretty for many other of their suppliers or staff. 🙁
Confirmation today that it is my job that's redundant. I finish on 27th March. One interview already arranged so fingers crossed
Yay! And indeed woohoo!
New job to go to, having a week off for Easter, then start 7th April. PICK contract, £30/hour and a nice big redundancy payout. I feel a new drum kit coming on... 🙂
Great news, John.
Nice fish!
Thread resurrection only a month before it get's locked!
Had a meeting today to be put 'at risk', which considering my department is 4 people in 2 groups, I'm 1 and the other three in the other, and the number of redundancies is likely to be 2 that basically means me +1, otherwise why invite my group (me).
Bollocks, thought I'd weathered the worst of it too!
Anyone need a Process Engineer?
CV
Masters Degree in Chemical Engineering and Chemistry
APMP level D7 years design experience, 2 as Design Safety Engineer,
Refineries
Petrochemicals; particularly UOP packages, BP refrigerated parxylene process, LNG, Ethylene cracking, Polyethylene, ethylene storage and pipelines and solids handling for an Energy from waste plant.
Utilities: Dealt with (some of) the piperacks for the worlds biggest petrochemical plant as well as steam, nitrogen, air and cooling systems.A lot of PMC work as well as FEED and EPC both as a process engineer and in design safety. I've also got site and laboratory experience.
If the other three all hold similar roles then (if the employer is playing it by the book) they should consider all four people equally so you may be worrying needlessly.
Good luck!
WHilst if they had not considered you for redundnancy then you would be free i think you have painted it to harshly - though of course you know the employer but can read tehe wind.
I suspect that had they wanted to just close your department they could and make you redundant as they no longer had that role or team. The fact they are not suggests to me one of
1) they are doing this very carefully to avoid a constructive claim
2) they want you to be in the pool rather than just make your role redundant.
Its not good news but it may not be as bad as you think either.
Best of luck
Masters Degree in Chemical Engineering and Chemistry
APMP level D
7 years design experience, 2 as Design Safety Engineer,Refineries
Petrochemicals; particularly UOP packages, BP refrigerated parxylene process, LNG, Ethylene cracking, Polyethylene, ethylene storage and pipelines and solids handling for an Energy from waste plant.
Utilities: Dealt with (some of) the piperacks for the worlds biggest petrochemical plant as well as steam, nitrogen, air and cooling systems.A lot of PMC work as well as FEED and EPC both as a process engineer and in design safety. I've also got site and laboratory experience.
aldi are recruiting staff, that made the news in all the media, sadly the loss of highly skilled jobs for cyclists doesnt even get a mention,
Best wishes with the job search.
Well I'm still here on that contract role and there's at least another year's worth of work...
Some of the redundancy payout got spent...new £1300 drum kit...£2k small car and expensive dental work for mrs_d...trip to New York, another trip to Stockholm...
Downside is, no workee, no earnee , so illness & holidays have to be few & far between
Well here we are again, almost a year to the day. The consultation process is complete and we all receive our notifications on Monday. Oh joy!
I got shot out the door December 1st last year after 13+ years, Dec and Jan were hopeless for job hunting, thankfully things have picked up recently but still dipping into my redundancy. Cycling's been good, but frankly I would like to get some money coming in and keep my pay off for other stuff but mortgage and gas bills...
holy thread resurrection, batman!
What about having a jobs thread, for job-seekers?
I've just been made redundant after 11yrs, I should have left 5yrs ago when the old owner sold up. Tbh when I've told people at interview what the place was like they said I was better off out and things are looking better. Funny how when you get used to a place for so long you don't realise that competitors have the even the very basics in place as normal. I've already turned one offer down from our bigger/biggest competitor due to the competition Clause in the contract and I'm expecting an offer next week.
Friends said 'you'll find its the best thing that happens to you longterm'.
I'm agreeing with this.
I've already turned one offer down from our bigger/biggest competitor due to the competition Clause in the contract and I'm expecting an offer next week.
really? I thought you could just ignore that stuff due to dubious legality?
Looks like I'm going to be made redundant in April. Company is reducing manning at our place by more than half and I'm two away from being safe.
There's 30k on the table so providing one of the two interviews I have comes up trumps...all will be well. Failing that, I may have to work away few days a week which I'm dreading as we've just had a baby and I really don't want to miss out on her growing up ?
It was the breadth and depth of the wording coupled with a overall feel that confirmed to me that it wasn't right.
Redundancy is a paid opportunity to concentrate on finding the 'right' place that makes you happier right?
Best of luck to those going through redundancy at the moment, chances are you'll end up in a better role anyway
I thought I'd replied to this at the time, seeing as I was made redundant Feb last year.
I took the summer off and started a new job in October that's more interesting and better paid. Things do work out. Just be prepared for some time off and make the most of it !
Consultation going on at our place too, I'm in the group "being assessed" for redundo consideration.
Nearly 30 years "service" but they're only offering statutory minimum despite making billions of dollars profit/annum, cheers.
Been made redundant twice, never had any qualms, worries or regrets.
Looking to maybe quit voluntarily soon, slightly more nervous now I'm the wrong side of 45 as to what my chance of a financially viable new start would be.
I've already turned one offer down from our bigger/biggest competitor due to the competition Clause
you've been made redundant and have a right to earn a living. non-competition clauses are unenforceable. take the job, if you actually want it, and if you get any bother tell them to do one. legal cover on your household insurance?
The issue is coming out of one bad experience I don't want to go somewhere that says for a year you can't approach anyone that the company works with, has worked with or may work with.
Kinda tells me something about the business.
On another level I also want a fair reference with no hold ups in the future. Im fair as an employee and I'd expect the same back!
there could/have been a clause in a redundancy settlement that precludes working for competitors. This of course would be worth several thousand pounds.
Been given informal notice that my role is at risk and should receive formal notification in May - if it happens this will be my third actual redundancy but having to go through 'redeployment' at the moment. I've been there 14 years and if I get the normal payout, I should get a decent sum after tax. Previous times it worked out better in the long run, change sector, bigger salary but TBH I'd happily take a paycut not to have to deal with all the corporate BS. Hopefully, I'll find something that keeps me interested as I've got other ideas I'd like to explore.
As mentioned I find out on Monday, if everything goes tits up then it's off back to North Wales so can't complain too much!
Last time I got laid off one thing I did was quite handy, as I didn't work for 15 months, I dropped the mortgage to an interest-only one - helped us still have cash when I started again.
Worth planning for the worse.
Juan,
O&G?
A large-ish 'British' petroleum company? Good luck.
Survived redundancy 7 years ago (after being employed by the same company for 20 odd years - company bought out and turned to shit) took voluntary at the second round of cuts and went from management to back on the tools - company was wrapped up shortly after, Came out with only £12k - due to broken service (working self employed for same bloody company), but bought a vehicle and some tools as well as paying off a bit of debt
BEST
DECISION
EVER
Not looked back since
Aye Benz, that's the one. Going to be 600 folk out of work come Monday just in Aberdeen. I remember you got redundancy last year from the same sector and town, you been busy?
They didn't actually say they wanted to hold you to the clause did they hora?
Fair enough if you don't want the other job, but I'd be stunned if your current employer were trying to stop you.
My experience is that redundancy can be positive and lead to better things, but it can also be bloody stressful!
Shit to hear juan.
Every single person in my building has been through consultation and reapplication for teir own job.... Except for me and the 5 other folk in my product line.....
Apparently we are part of the masterplan.
Me, im waiting for the knife in the back.
Aye. Well I've done everything I can to try and ensure I am not one of the 600 but out of my hands now. This didn't come as any huge surprise and the NS has been spiralling out of control cost wise for years. I moved into the central 'conehead' technology group 4 years ago so am not quite as exposed as the guys working NS assets.
Juan,
Believe I was very fortunate to get a job at another operator. It has been the re-birth of me TBH. New folks, different role and plenty to keep one out of mischief.
That said, we've been avoiding extravagance and being mindful of the war chest.
Good luck to all in whatever industry they work if they are facing or have been made redundant.
Well dodged the bullet today. Unfortunately 600 poor other folk were not so fortunate. Grim.
I was out of work for 27 months bar a bit of self employed work and also a bit of zero hour contract work every few months when it suited them, I was last in the office in May last year, I heard rumour I'd been replaced by volunteers that was confirmed when I didn't even get an invite to the Christmas party.
Anyway just 6 weeks ago I had my first interview in months and have been back in employment for a month now, a large salary hit from what I used to earn, but I look forward to work each day in a way I've never before.
The wife says I'm getting paid for doing one of my hobbies, which is true.
Best of luck to anyone out of work or facing the threat of it.
Oof. 600 folk, that's tough, what line of business ...
Lucky for you juan, good news. Ive lost alot of colleagues and friends from the office recently through similar its shit.
On one hand you thankful your still in a job but pissed off that the companies treating your friends as they do.... But they have their reasons j guess, business is business. Im just glad that im still coal face and dont have to break the news to folks. I think ive seen the whole spectrum of reaction from coming out skipping and fist pumping to tears and screaming. Some managers just dont know how.... All the tact of a brick through a glass table
Rick, O&G, tough tough times at the moment.
TBF ratty the company has done everything possible to make the process as clear as possible and everyone is treated respectfully. I'd never want to be a middle manager as you would end up stuck in the middle between the upper echelons and those doing actual work and having to notify staff of their fate. Quite a few empty desks around as those less fortunate take time for it to absorb in.
I am waiting to hear on Thursday - except I am hoping for redundancy.
So I hope I get it and some people who still want to work here don't get made redundant.
But over the past 10 years we're only 1/10th of the people who worked here when outsourced.
Is that the 600 they announced in January or another 600?