Redundancy Answers

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Redundancy Payment

When an employee is made redundant they are entitled to a redundancy payment provided the employee has more than two years service. This can arise in one of two ways:

1. An enhanced redundancy payment under a contract of employment.
2. A statutory redundancy payment

In the latter case the redundancy payment is calculated by reference to the employee??™s age and length of service to give a multiplier. This is then used together with a week??™s pay to calculate the statutory redundancy payment.