Money help: I’m about to be made redundant…

I'mListening

I’m about to be made redundant…

Or at least I think I am. Business is bad, no money, rent too high etc. I get that it’s just a sign of the times but what I’m worried about is what are my rights regarding this? I’ve not been working here long, about six months, so I know that under uk law I don’t get redundancy pay, but what about pay for the hours I’ve already worked? My company pays about 2 weeks behind service (IE first paycheck after first fortnight) Should I still get that money? If anyone can help me find out what I need to know I’d be grateful.

This open post was written 1 year, 2 months ago | V/U/S: 541, 7, 3 | Edit Post | Leave a reply | Report Post

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Since writing this post I'mListening may have helped people, but has not within the last 4 days. I'mListening is a verified member, has been around for 3 years, 10 months and has 24 posts and 273 replies to their name.

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redundancy, redundant, Fortnight, business, paycheck, company, service, months, rights, Times, Money, job (How Tags Affect Reciprocity)

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DrAwesomeMcCool 1 #
An Undisclosed Location | 1 year, 2 months ago (17 minutes after post)

You are entitled to any money you have earned.

If you don’t get it kick up a storm.

Also start applying for new jobs.

Help me with: Hey der everybodies.

I'mListening 1 #
An Undisclosed Location | 1 year, 2 months ago (20 minutes after post)

DrAwesomeMcCool wrote:
You are entitled to any money you have earned.

If you don’t get it kick up a storm.

Also start applying for new jobs.

Thanks. I am applying everywhere at the moment, but there’s not a lot to be had, unfortunately. Lucky I do have some savings to crash on for a while, so hopefully I’ll be ok until I can get a new job.

Help me with: Biology equation help.

DrAwesomeMcCool 1 #
An Undisclosed Location | 1 year, 2 months ago (21 minutes after post)

Ah you will find something.

try the food industry. No matter how hard times are students need overpriced pizza’s and ****. Dats what i’m doing for now.

Help me with: Hey der everybodies.

noonelikesaknowitall 6 #
An Undisclosed Location | 1 year, 2 months ago (27 minutes after post)

If they make you redundant you are entitled to what they owe you for the work you have done. Your biggest worry is if they go bust, then you could have a problem getting your money. It would either be delayed whilst the administrators do their work or you may not get it at all.

Good luck

DrAwesomeMcCool 1 #
An Undisclosed Location | 1 year, 2 months ago (30 minutes after post)

noonelikesaknowitall wrote:
If they make you redundant you are entitled to what they owe you for the work you have done. Your biggest worry is if they go bust, then you could have a problem getting your money. It would either be delayed whilst the administrators do their work or you may not get it at all.

Good luck

If they go bust then they would go into liquidation, assets would be striped from the company, then the monies would be handed to the shareholders, board members and financiers. any money left would go to paying the wages of the staff and any redundancy package’s if possible.

I believe. could be in a slightly different order.

Help me with: Hey der everybodies.

I'mListening 1 #
An Undisclosed Location | 1 year, 2 months ago (1 hour, 42 minutes after post)

noonelikesaknowitall wrote:
If they make you redundant you are entitled to what they owe you for the work you have done. Your biggest worry is if they go bust, then you could have a problem getting your money. It would either be delayed whilst the administrators do their work or you may not get it at all.

Good luck

Yeah, this is exactly what I was worried about. The company is in real threat of going under, administration is just a few weeks away as I’ve heard. Any ideas who I’d need to talk to if this happens?

Help me with: Biology equation help.

noonelikesaknowitall 6 #
An Undisclosed Location | 1 year, 2 months ago (2 hours, 4 minutes after post)

I’mListening wrote:

noonelikesaknowitall wrote:
If they make you redundant you are entitled to what they owe you for the work you have done. Your biggest worry is if they go bust, then you could have a problem getting your money. It would either be delayed whilst the administrators do their work or you may not get it at all.

Good luck

Yeah, this is exactly what I was worried about. The company is in real threat of going under, administration is just a few weeks away as I’ve heard. Any ideas who I’d need to talk to if this happens?

Depends on the structure and size of the company. It is a process though and if there is anything left after it has been stripped you will get your money, the delay could be long though and there may be nothing left depending on the assets of the company and as Dr Cool said the order in which they pay out to people. It is all set out in law so you dont have to worry about not being entitled the big problem is if the assets do not cover their debts, then the law is quite happy for you to get nothing.

Keep looking for that other job!!!!!

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I’m about to be made redundant…

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