Redundancy Entitlments
With almost 5,000 employees being made redundant in Oct 08 alone, redundancy entitlements are now back as a relevant topic, and unfortunately maybe relevant to you!
First of all, know the facts and your entitlements so check out the following link
http://www.entemp.ie/employment/redundancy/faq.htm
In simple terms, to be eligible for redundancy your must
· Be aged 16-66.
· Been working at least 8 hours a week for your employer.
· Have 2 years of consecutive service with that employer.
Entitlements are as follows :
· 2 weeks pay for each year of service.
· Plus an additional equivalent of one weeks normal pay.
The week’s pay however can never exceed €600.00 per week.
Note the Employer can claim back 60% of the redundancy payments within 6 months of it being paid from the department of trade and employment.
2 weeks notice must be given to the employee of their being made redundant and the necessary form issued.