Q Unless there is an upturn in my business in the
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next few months I will need to dismiss some of my drivers. If l could think of another way out ! would take it, but redundancy seems inevitable. What am I required to pay them in redundancy payments? anAThere is a way which might
prove more palatable to you e perfectly acceptable to your drivers. You could offer to let them have their vehicles in lieu of redundancy payments or as part of a redundancy payment.
This of course must be by mutual agreement and there can be no coercion on your part. Indeed, the agreement to give and accept must be drawn up by a lawyer and signed by both parties.
However, your employees may prefer a cash settlement, and the law on this point is perfectly clear. The amount is calculated on the employee's age and length of service. There are set limits: the years of service are limited to 20 and anything over £80 a week is not taken into account. For each year of reckonable service from 41 to 65 (men) or 60 (women) the employee is entitled to one and a half week's pay. For each year between 22 and 40. one week's pay and for each year between 18 and 21 years of age a half week's pay. Service before 18 years of age does not count.