Can I ask for redundancy?

I have been permanetly employed in the same US multi-national company for 6+ years. In March 2009, I moved from a Team Lead role in operational side of the business, into a new role where I was responsible for delivering a number of projects that would ultimately ensure that the department was more efficent and compliant in it's processes. I received a new contract. My projects are due to complete at the end of June and I have been advised that there are no further projects needing dedicated PM time. (this is not what was foreseen or planned back in 2009 when I accepted the position) My work will revert to operational day to day activity - a position I was promoted out of 5 years ago, one level below where I was until March 09. Today I have been advised that there is a possibility that my salary will be reviewed downwards to bring it in line with other collegues doing the operational work.

I held two positions of great responsibility and I took on high profile project work for this company.I have sacraficed a lot personally to do what was expected of me in these roles including excessive overtime and weekend hours. I feel very emotional about the recent turn of events (that's why my post is so factual!!!) I feel let down and my confidence has taken a knock (Is this all I'm worth after 6 years!!) My gut instinct is to get out before I get completely demoralised and demotivated but I'm at the stage in my life where I'm thinking about marriage, owning our house etc. and don't want to rush into a bad decision.

I need some advice! Can I ask for redundancy as the role I'm in is effectively gone after June? Do I have to take the other position if this is all that's on offer to me? even if this is with a salary cut....

Stay where you are unless you have a permanent job to go to..... jobs are few and far between at present..... the devil you know is better than the devil you don't and all that kind of thing.

Unfortunately, we have all (well majority of us anyway) had to take paycuts (25% mine and OH's) & take on extra responsibilities, but we like our jobs and prefer to be working rather than unemployed.

same question... i'm with my job 10 years... just curious, can i ask for redundancy?

i'd love to move into a new area... or maybe even move abroad...