So, told last year that we were to be made redundant. Managed to be relocated to a different department to avoid being redundant. As part of this both the company and I have 3 months to decide whether or not i’m suitable for the role. With the economic problems at the moment the orders for our products have all dropped off and the company are talking about ways to further reduce costs, and are looking at further redundancies and possible reduced hours.
Recently found out about a job in a new company, which is less money, but more secure.
I currently take home approx £1700 pcm the new job will be around £1400 pcm with the option of overtime. If I choose to take the redundancy I will get at least £17k. I will cope on £1400 if i have the redundancy to fall back on for those emergency purchases (car breakdown, bike bit broken etc) as this will be enough to live on each month, but won’t leave much spare. I also believe that my earnings will increase in time as the new company start to get payback on the money they’ve laid out to get up and running.
My quandry is that if I stay where I am in a job that isn’t particularly rewarding other than the take home each month and some of the benefits like pension and sick pay, but I could end up on less money (with the reduced hours) and no option of redundancy (my boss won’t let me go unless he really has to) and I could miss out on this oppurtunity with this exciting new company. I also have 3 kids to bear in mind.
I have changed my mind a dozen times so I am just thinking out loud and looking for more opinions. apologies if it doesn’t make much sense.