Facing redundancy can be a challenging and uncertain time. Understanding your rights and the processes involved can help you navigate the period more effectively.
If an employer finds itself in a redundancy situation, it is almost inevitable that they will invite employees to volunteer for redundancy. Employers will often offer enhanced redundancy packages to entice its employees to leave their employment.
Formerly known as a Compromise Agreement, a Settlement Agreement is a legally binding contract made between an employee and employer which provides the terms upon which the employee’s employment will terminate.
