Redundancy Pay?

[eeyore2502]

When companies say 2 + 4 weeks am I right in the below calculations for 5 years of employment

2 weeks x 5 years = 10 weeks + 4 weeks = 14 weeks

Thanks

 

[ivannomonet]

2 + 4 = 6 * 5 = 30...

 

[Cayne]

2 + 4 = 6 * 5 = 30...

Correct plus one week from government = 31 in total

 

[eeyore2502]

Thanks for that.

The working week has been cut from a 5 day week to a 3 day week, what rate will the redundancy payment be calculated on the 5 or 3 day week.

 

[Calebs Dad]

If redundancy happens, it would be calculated on 5 days to a maximum of €600 per year of service

 

[eeyore2502]

Even though they have all been on a 3 day week for the last 2 months.

 

[PaddyW]

I think that would only come into effect after a year on 3 day weeks?

 

[eeyore2502]

Thanks thats good to know.

 

[hivas9]

How much tax would you pay on this amount ? Or are tax excempt.