Redundancy, too good to be true?

Hi All,

Large company buys smaller company 12 months ago.

Old company contracts are about to expire end Sept

2 managers on equal level, both have 25 yrs service each (engineering)

Company decides that one man can do the job of two.

Both told that jobs are at risk, new position is to be made, we can both apply. (They expect at least one of us to apply)

Neither of us apply.

Company extends the application deadline.

Neither of us apply. Appears company were not expecting this scenario at all

Company now offers new contracts until Dec 31st, upon when we will depart with 3 months salary (taxed), and minimum statutory redundancy payment, (approx. £10k)

Where is the catch?

Why pay us 3 months salary and not wrap it up in a redundancy payment where as I wouldn't need to pay tax?

am I missing something?

Redundancy, too good to be true?

Redundancy, two jobs on offer, one unobtainable

May be me just having moan, but I don't feel easy about.

12 months ago, a large company bought the smaller company I work for.

A few months ago, I was asked to sign an agreement for the new terms and conditions to be implemented for Oct 14, and told by HR and Site Manager not to worry, there were to be no redundancies.

Myself and co-manager of our department were told yesterday that our roles were "at risk" of redundancy, but that there were two new roles on offer that we can apply for, that were to take over our responsibilities. One role that was very similar, and one role that has been determined as a more senior role to cover the activities of the department.

During the consultation meeting today, the discussion regarding the more senior role, it was becoming evident to both my witness and I, that there was little to no expectation, that either myself or my co-manager, would be considered for that role, and that it looked to be a head to head with my co-manager (a close friend of 24 years) for the lesser / current equivalent role.

I asked if consideration had been taken to train one of us, (with consideration to the 24 yrs experience we have with the company each )to take on the role, which was met with a response of it not being considered nor likely to be.

Am a little more than aggrieved with the situation at the moment, and may just be spouting off, but I cant help feeling I am about to get shafted.

Any thoughts would be most welcome.

Redundancy, two jobs on offer, one unobtainable