The furlough scheme started back in March, to help businesses and staff survive the Covid-19 lockdown. If you’ve been off on furlough, you might now be at risk of redundancy.
The government has been paying 80% of your wages (up to a limit).
But this could never go on forever, and the scheme is currently in the process of being wound down.
- From 1 August, employers had to recommence paying pension and national insurance contributions for you
- From 1 September, the government’s share reduced to 70%, with the employer making up the remaining 10%
- From 1 October, the government will pay 60%, with employers paying 20%
- On 1 November, the scheme comes to an end, and the Chancellor has ruled out an extension
The pandemic hasn’t gone away, lockdown has had a negative impact on many businesses, and some sectors are really struggling. This means your employer may not be able to afford to re-employ all their furloughed staff at full pay.
Almost 250,000 small firms are preparing to reduce headcount within the next three months, according to the Federation of Small Businesses quoted on the BBC Today programme.
Rather than going back to work, this means there is an increased risk of redundancy.
What this means to you
If you find your job is under threat, we can give you advice about the terms your employer has offered you, whether they are following a fair redundancy process, and how much to expect in your settlement agreement.
We’ve helped lots of redundant employees before. Give us a call on 0808 168 7288, and discover how we can help you too.
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