Settlement Agreement Lawyers & Solicitors – Redundancy

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Employment Law, Loan from Employer, Redundancy

June 1st, 2012 · No Comments · Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Loan, Redundancies, Redundancy, Redundancy law, Redundancy Pay

Sometimes people take out loans from their employers. Depending on the length of employment and whether statutory redundancy or enhanced redundancy is offered, we have seen situations arise where once payment is computed at the end, the employee owes more money than the employer owes him by way of redundancy pay. So employees could find themselves out of pocket.

There is also a risk that the employer demands all repayment before the termination date.

If you require further information on the above from specialist employment law lawyers, please contact us at or visit one of the following pages on employment law:

© RT COOPERS, 2012. This Briefing Note does not provide a comprehensive or complete statement of the law relating to the issues discussed nor does it constitute legal advice. It is intended only to highlight general issues. Specialist legal advice should always be sought in relation to particular circumstances.

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