Forced Redundancy - what's the deal ?

[darraghdog]

Hi Folks,
I am working for a mulitnational that will be looking at making a number of people redundant over the next few months. I have checked my entitlements and with 7 years experience I understand I am legally entitled to 2 weeks/year (maxing at 600Eur/week). This adds up to 8400 Euro.
Does a company making a profit have any other legal obligation to employees to make this sum higher ? Or what is the norm... I always thought with a redundancy you would come out with at least double that.
Thanks,
Darragh.

 

[fobs]

Most large companies have their own redundacy packages which are negotiated and are payanble on top of the legally required amount. There is no onus on a company to pay more than the legal requirement unless it is company policy.
Our company pay 6 weeks per year of service over and above the legal requirements but it is capped at 130,000.