Redundancy has been on the increase lately, and the TUC is calling for the government to amend statutory redundancy in a move which could benefit nearly 2 million employees in the South West.
At the moment you need to be over 18 and in a job for more than two years to qualify for your statutory redundancy pay (SRP).
The TUC is acalling for this to be cut to one year, as well as increase to amount of earnings which counts towards the redundancy, from £350 t0 £500.
Nigel Costley, Regional Secretary of the South West TUC, said: “We are seeing a return of mass unemployment to the UK. And the situation will get worse before it gets better, as unemployment always persists even after a recovery starts.
“Many employees will be facing redundancy and unemployment for the first time in their lives.
”There can be no assumption that the people who are losing their jobs will find it easy to get new ones, and they will need all the help they can get with redundancy pay, retraining and personal advice.
“Many decent employers, especially those that recognise unions, already offer their staff more generous redundancy packages than the statutory entitlement. The qualifying period for statutory redundancy pay should be cut to 12 months to help more employees across the UK cope with the financial costs of losing their jobs.”
posted by Cptn
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