Hi All,
This is my first post on this forum. Was hoping for some advice.
My current employer informed me that i would be made redundant in March. They gave me a finish date at the end of June and said in the letter that they would be entering into a consultancy period etc. There are no roles in the current company and to be honest i didn't expect there to be. I've been looking outside the company for a new job and got good news.
My redundancy package includes a stay on bonus which was contingent on me staying until the end date specified on the letter of redundancy. I have been offered a new role but they want me immediately and to be honest staying in the current job would rule me out of the new opportunity.
Has anyone been in a situation like this before? My concern is that the current employer can turn around and tell me that if i want to leave before the end date they i can but i loose the entire redundancy payment and not just the stay on bonus.
I'm happy to loose the stay on bonus as the new job sounds excellent and the money is actually nearly a 60% increase on my current salary. I'm a little concerned that the entire package will be lost as there is a line in the letter saying 'If we fail to identify any suitable alternatives position by <<end date>> we regret to notify you that your redundancy will be effective from that date'.
Thoughts/advice very welcome.
This is my first post on this forum. Was hoping for some advice.
My current employer informed me that i would be made redundant in March. They gave me a finish date at the end of June and said in the letter that they would be entering into a consultancy period etc. There are no roles in the current company and to be honest i didn't expect there to be. I've been looking outside the company for a new job and got good news.
My redundancy package includes a stay on bonus which was contingent on me staying until the end date specified on the letter of redundancy. I have been offered a new role but they want me immediately and to be honest staying in the current job would rule me out of the new opportunity.
Has anyone been in a situation like this before? My concern is that the current employer can turn around and tell me that if i want to leave before the end date they i can but i loose the entire redundancy payment and not just the stay on bonus.
I'm happy to loose the stay on bonus as the new job sounds excellent and the money is actually nearly a 60% increase on my current salary. I'm a little concerned that the entire package will be lost as there is a line in the letter saying 'If we fail to identify any suitable alternatives position by <<end date>> we regret to notify you that your redundancy will be effective from that date'.
Thoughts/advice very welcome.