Young Wrexham

Redundancy

Redundancy means that you are asked to leave work because the job you do is no longer needed or the money is no longer available to pay you.

This could be for a variety of reasons:

• Maybe the company you work for has gone out of business or business is slow and there are too many staff
• Maybe the company is moving to another area or new technology will do your work

You have a right to redundancy pay from your employer if you have worked with the company for a continuous period of over two years since the age of 18.

• Minimum redundancy pay is calculated on the basis of how many years you have worked and your age
• In many companies and for people working in local government or public organisations, the union may have negotiated a better agreement with the employer. This will mean a higher rate of redundancy pay
• If you are working on a short-term contract, you are not entitled to redundancy pay if your contract expires and is not renewed
• Redundancy pay does not really favour young people because it is based on age and length of work
• Being made redundant can be very stressful, but it can also offer new opportunities
• Careers Wales has lots of help and advice if you are facing redundancy including details of funding that may be able to assist you