Workers made redundant with a pay-off of £30,000-plus can generate extra free cash by asking their employer to pay a chunk of the payout into their pension. The move might be particularly beneficial for over-55s, who can gain immediate access to their pension pots if they want. But doing this can drum up additional pension … Read more
The BBC is facing a backlash after an email sent by £369,999-a-year Claudia Winkelman to workers facing redundancy asked them to film a dancing video. The email, which was reportedly sent by the Strictly Come Dancing host, asked colleagues to take part in the ‘Dancing with our staff’ promotional video. But it is understood to … Read more
How to stay afloat in a tsunami of job losses: As millions of Britons face the grim reality of redundancy… here’s our guide to weathering the storm latest predictions say unemployment could rise to 10% by the end of the year Pizza Express warned 1,100 jobs are at risk, while Currys PC World axed 800 … Read more
The BBC has invited staff to apply for voluntary redundancy as it attempts to make £125million in savings this year due to the coronavirus pandemic. The broadcaster has asked its public service staff – not those in its commercial subsidiaries – to make a voluntary redundancy expression of interest. There are fears that thousands of … Read more
A charity supporting the NHS with thousands of volunteers during the coronavirus crisis and one of the UK’s largest travel money providers are among the businesses which could make hundreds of staff redundant having previously furloughed them, This is Money can reveal. The St John Ambulance service is currently in a 45-day consultation over axing … Read more
Former Cath Kidston staff say they have been ‘betrayed’ after its owners refuse to cover redundancy pay By Daily Mail City & Finance Reporter Published: 21:55 BST, 26 April 2020 | Updated: 21:55 BST, 26 April 2020 Former Cath Kidston staff say they have been ‘betrayed’ after its owners refused to cover redundancy pay. The high … Read more
Investment firm M&G launches voluntary redundancy programme to slash costs as profits slump M&G said the redundancies should help it cut costs by 10% It saw investors withdraw £7.5bn from its fund management arm last year That has helped send the firm’s profits tumbling 29 per cent to £1.15bn This is its first full set of … Read more