W
they are probably offering only statury package
if your are below 41 years of age
Calculation of Lump Sum.
Twoweeks pay for each year of employment continuous and reckonable between the ages of 16 and 66 years
in addition, a bonus week. When the total number of days is ascertained, any remaining number of days if such a number comes to 182 (26 weeks) or more, is regarded as an extra year.
Reckonable service is service EXCLUDING ordinary sickleave over and above 26 weeks, occupational injury over and above 52 weeks , maternity leave over 18 weeks and career breaks over 13 weeks in a 52 week period.
Reckonable service also excludes absence from work because of lay-offs or strikes. However, short-time work is reckonable.
All calculations are subject to the ceiling referred to above, which at present stands at €507.90 per week.
Please note that you can now check a calculation at the online redundancy calculator www.redcalc.entemp.ie
Most (even half decent IT co.s) would be paying 5 WPY
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