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Redundancy preference exercise

Pay talks 2022 discussion, news, LTB's RMCtv and all BUSINESS RECOVERY, TRANSFORMATION AND GROWTH AGREEMENT chat
Ringer21
Posts: 127
Joined: 13 Jul 2016, 15:04
Gender: Male

Re: Redundancy preference exercise

Post by Ringer21 »

I'm really undecided what to do I'm a non driver so thinking it's possible they might get rid of me at some point the deadline is Sunday if I apply to give myself more time to think about it do I have to take it if I was offered it.
meweavy
Posts: 473
Joined: 10 May 2007, 11:07

Re: Redundancy preference exercise

Post by meweavy »

Ringer21 wrote:
25 Nov 2022, 15:09
I'm really undecided what to do I'm a non driver so thinking it's possible they might get rid of me at some point the deadline is Sunday if I apply to give myself more time to think about it do I have to take it if I was offered it.
AFAIK,it's optional,you are not commiting yourself to redundancy if you are offered it.

The choice is yours,I'm the same,I've applied on the app and cancelled it so many times.
But the deadline is the 27th,but If you change your mind then you go in the app and cancel your application.
But truth be told,I don't for 1 second believe anyone will get the 6k on top.
Ringer21
Posts: 127
Joined: 13 Jul 2016, 15:04
Gender: Male

Re: Redundancy preference exercise

Post by Ringer21 »

Thanks for your reply I might put in for it and see what happens. 👍
norris9
Posts: 2690
Joined: 27 Feb 2019, 17:32
Gender: Female

Re: Redundancy preference exercise

Post by norris9 »

meweavy wrote:
25 Nov 2022, 15:40
Ringer21 wrote:
25 Nov 2022, 15:09
I'm really undecided what to do I'm a non driver so thinking it's possible they might get rid of me at some point the deadline is Sunday if I apply to give myself more time to think about it do I have to take it if I was offered it.
AFAIK,it's optional,you are not commiting yourself to redundancy if you are offered it.

The choice is yours,I'm the same,I've applied on the app and cancelled it so many times.
But the deadline is the 27th,but If you change your mind then you go in the app and cancel your application.
But truth be told,I don't for 1 second believe anyone will get the 6k on top.
I can't even use the app. Why do they have this stupid app!

Is there any way around it?

I have an older smart phone but it won't allow me to download the People's app as I don't and cannot get the relevant operating system on my phone.

Do they have a website version? I can't find anything.
meweavy
Posts: 473
Joined: 10 May 2007, 11:07

Re: Redundancy preference exercise

Post by meweavy »

norris9 wrote:
25 Nov 2022, 16:51
meweavy wrote:
25 Nov 2022, 15:40
Ringer21 wrote:
25 Nov 2022, 15:09
I'm really undecided what to do I'm a non driver so thinking it's possible they might get rid of me at some point the deadline is Sunday if I apply to give myself more time to think about it do I have to take it if I was offered it.
AFAIK,it's optional,you are not commiting yourself to redundancy if you are offered it.

The choice is yours,I'm the same,I've applied on the app and cancelled it so many times.
But the deadline is the 27th,but If you change your mind then you go in the app and cancel your application.
But truth be told,I don't for 1 second believe anyone will get the 6k on top.
I can't even use the app. Why do they have this stupid app!

Is there any way around it?

I have an older smart phone but it won't allow me to download the People's app as I don't and cannot get the relevant operating system on my phone.

Do they have a website version? I can't find anything.
I'm not sure tbh,I just use the app.
Jack1960
EX ROYAL MAIL
Posts: 333
Joined: 05 Jan 2016, 17:39
Gender: Male

Re: Redundancy preference exercise

Post by Jack1960 »

meweavy wrote:
25 Nov 2022, 16:54
norris9 wrote:
25 Nov 2022, 16:51
meweavy wrote:
25 Nov 2022, 15:40
Ringer21 wrote:
25 Nov 2022, 15:09
I'm really undecided what to do I'm a non driver so thinking it's possible they might get rid of me at some point the deadline is Sunday if I apply to give myself more time to think about it do I have to take it if I was offered it.
AFAIK,it's optional,you are not commiting yourself to redundancy if you are offered it.

The choice is yours,I'm the same,I've applied on the app and cancelled it so many times.
But the deadline is the 27th,but If you change your mind then you go in the app and cancel your application.
But truth be told,I don't for 1 second believe anyone will get the 6k on top.
I can't even use the app. Why do they have this stupid app!

Is there any way around it?

I have an older smart phone but it won't allow me to download the People's app as I don't and cannot get the relevant operating system on my phone.

Do they have a website version? I can't find anything.
I'm not sure tbh,I just use the app.
Ask your manager, i think he has helped a coupleof people in our office.
One ,aged 63, would get about 27 thousand including the 6 thousand.
Another aged 65 gets 30 weeks plus the 6 thousand.
RobertT
EX ROYAL MAIL
Posts: 6687
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: Redundancy preference exercise

Post by RobertT »

norris9 wrote:
25 Nov 2022, 16:51
Do they have a website version? I can't find anything.
Yep!

https://flpnwc-tiqlowleu9.dispatcher.eu ... Shell-home

Not sure why they can't reduce the size of the URL? :hmmmm

Might be an idea to bookmark it for future reference.
Links to all RM pension related websites are here
TOWER1
Posts: 95
Joined: 24 Sep 2019, 16:05
Gender: Male

Re: Redundancy preference exercise

Post by TOWER1 »

Robert
Thank you for your earlier reply and information
Really appreciated
So we do receive statutory as well as voluntary?
Been told we only get it with compulsory redundancy?

I am looking at my options

Thanks again
meweavy
Posts: 473
Joined: 10 May 2007, 11:07

Re: Redundancy preference exercise

Post by meweavy »

TOWER1 wrote:
25 Nov 2022, 17:44
Robert
Thank you for your earlier reply and information
Really appreciated
So we do receive statutory as well as voluntary?
Been told we only get it with compulsory redundancy?

I am looking at my options

Thanks again
As it stands voluntary with a 6k carrot on top.
Then talk of compulsory but not until March 23 according to amazing offer.
But this has obviously been knocked back.
Compulsory will most likely be the government minimum, which you can work out on gov.co.uk I think.
redlen
Posts: 1347
Joined: 21 Dec 2021, 12:05
Gender: Male

Re: Redundancy preference exercise

Post by redlen »

You only get Statutory redundancy if the employer does not have the means to pay normal contractual redundancy pay.

Things like the employer goes bankrupt
meweavy
Posts: 473
Joined: 10 May 2007, 11:07

Re: Redundancy preference exercise

Post by meweavy »

meweavy wrote:
25 Nov 2022, 17:50
TOWER1 wrote:
25 Nov 2022, 17:44
Robert
Thank you for your earlier reply and information
Really appreciated
So we do receive statutory as well as voluntary?
Been told we only get it with compulsory redundancy?

I am looking at my options

Thanks again
As it stands voluntary with a 6k carrot on top.
Then talk of compulsory but not until March 23 according to their amazing offer.which blows mynibd how royal mail actually thinks that's a good offer.
But this has obviously been knocked back.
Compulsory will most likely be the government minimum, which you can work out on gov.co.uk I think.
zz666
Posts: 223
Joined: 22 Jul 2016, 20:08
Gender: Male

Re: Redundancy preference exercise

Post by zz666 »

Excuse me if this has been asked before, but say you put In for redundancy on app, could you change your mind if offered it before the end of January. In essence are you committed to it after closing date on Sunday?
TOWER1
Posts: 95
Joined: 24 Sep 2019, 16:05
Gender: Male

Re: Redundancy preference exercise

Post by TOWER1 »

Thanks again all.
Looking now!
RobertT
EX ROYAL MAIL
Posts: 6687
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: Redundancy preference exercise

Post by RobertT »

TOWER1 wrote:
25 Nov 2022, 17:44
Robert
Thank you for your earlier reply and information
Really appreciated
So we do receive statutory as well as voluntary?
Been told we only get it with compulsory redundancy?

I am looking at my options

Thanks again
The offer via the app is for voluntary redundancy – max of 39 weeks pay + £6k(pro rata).
Statutory is the minimum they have to give you.
You don't get both!
If they make anyone compulsory redundant, it's likely to be the statutory amount, but theoretically I don't think there's anything stopping them offering more.
Links to all RM pension related websites are here
RobertT
EX ROYAL MAIL
Posts: 6687
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: Redundancy preference exercise

Post by RobertT »

zz666 wrote:
25 Nov 2022, 18:19
Excuse me if this has been asked before, but say you put In for redundancy on app, could you change your mind if offered it before the end of January. In essence are you committed to it after closing date on Sunday?
You're not committed at all by signing up via the app. All you're doing is showing an interest.

If they offer it to you, you'll have until 31st January to say yes or no. After that date, your decision is final.

That's assuming they don't pull the offer beforehand!
Links to all RM pension related websites are here