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New VR terms

Pay talks 2022 discussion, news, LTB's RMCtv and all BUSINESS RECOVERY, TRANSFORMATION AND GROWTH AGREEMENT chat
hans solo
Posts: 3199
Joined: 06 Feb 2011, 18:08
Gender: Male

New VR terms

Post by hans solo »

51 weeks less 6 weeks al
Valentina@1
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Joined: 13 Apr 2023, 16:48
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Re: New VR terms

Post by Valentina@1 »

Less 6 weeks?

Explain
Valentina@1
Posts: 691
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Gender: Male

Re: New VR terms

Post by Valentina@1 »

If I’m not mistaken,last time they offered 6k on top of 9 months,this actually works out less😂😂😂😂

CWU dressing this up as a win again 😡

Sad times 🥲
hans solo
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Joined: 06 Feb 2011, 18:08
Gender: Male

Re: New VR terms

Post by hans solo »

Valentina@1 wrote:
05 Feb 2025, 10:48
Less 6 weeks?

Explain
They actually take annual leave of it
Jefferson Starfish
Posts: 855
Joined: 12 Aug 2011, 15:32
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Location: Greendale DO

Re: New VR terms

Post by Jefferson Starfish »

hans solo wrote:
05 Feb 2025, 12:06
Valentina@1 wrote:
05 Feb 2025, 10:48
Less 6 weeks?

Explain
They actually take annual leave of it
Even if you've already taken it?
comeracing
Posts: 788
Joined: 28 Nov 2010, 20:58
Gender: Male

Re: New VR terms

Post by comeracing »

It's 12 months
Sean06
Posts: 2033
Joined: 20 Nov 2023, 16:50
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Re: New VR terms

Post by Sean06 »

comeracing wrote:
05 Feb 2025, 18:17
It's 12 months
Says who
comeracing
Posts: 788
Joined: 28 Nov 2010, 20:58
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Re: New VR terms

Post by comeracing »

Says union
Sean06
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Joined: 20 Nov 2023, 16:50
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Re: New VR terms

Post by Sean06 »

Where reveal details,?
yellowbelly
Posts: 3388
Joined: 23 Jun 2015, 15:51
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Re: New VR terms

Post by yellowbelly »

comeracing wrote:
05 Feb 2025, 23:05
Says union
Not yet they haven't (12 months was mentioned in IIRC on of the CWU videos as an aim):

From the 'agreement':
5.5 Review of Voluntary Redundancy Terms

EP Group and CWU agree that there is a need to review the current voluntary redundancy terms, as
a key measure to help avoid compulsory redundancies. Revised voluntary redundancy terms will be
agreed no later than three months after the completion of the Transaction.
From the CWU Bulletin:
A review of voluntary redundancy terms, as a key
measure to avoid any compulsory redundancies.
posted
Posts: 240
Joined: 31 Jan 2018, 20:21
Gender: Male

Re: New VR terms

Post by posted »

hans solo wrote:
05 Feb 2025, 12:06
Valentina@1 wrote:
05 Feb 2025, 10:48
Less 6 weeks?

Explain
They actually take annual leave of it
this doesn't make sense, unless it's unique to the individual concerned.

Any severance pay (VR or compulsory) is calculated separate to your annual leave entitlement.
If on your LDoS, you have some pr-rata unused AL entitlement then you'll get that calculated separately (but likely paid as same time as your VR).
Conversely, if on your LDoS you have used more than your pro-rata AL entitlement, then they will look to claw that back, possibly deducted from lump sum.

Alternatively it could be gardening leave or PILON.
hans solo
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Joined: 06 Feb 2011, 18:08
Gender: Male

Re: New VR terms

Post by hans solo »

Update on vr terms
You also DO NOT get supplements ie d2d included
Just your basic pay
Alfietherat
Posts: 69
Joined: 08 Feb 2011, 17:08
Gender: Male

Re: New VR terms

Post by Alfietherat »

Should be back to 2 Years. No ifs or buts.
Valentina@1
Posts: 691
Joined: 13 Apr 2023, 16:48
Gender: Male

Re: New VR terms

Post by Valentina@1 »

Could be wrong but I seem to remember Years back,they used to take average of 12 weeks pay and go by that?

Is this how it works today?
worktotime
Posts: 2860
Joined: 14 May 2010, 20:47
Gender: Male

Re: New VR terms

Post by worktotime »

Alfietherat wrote:
10 Feb 2025, 08:42
Should be back to 2 Years. No ifs or buts.
i remember when walsh mentioned this in one of his facebook live things , and he said 12 months is more than enough , and he also said do we increase vr to pay people to leave or pay more to the people who stay and work in the company , it was like listening to one of royal mail bosses