Introduction

At any time the Company may implement redundancies for genuine business reasons.

Redundancy

Redundancy is a situation where an employee’s employment is terminated by the Company, the termination being attributable, wholly or mainly, to the fact that the position filled by the employee is, or will become, superfluous to the needs of the Company.

Entitlement To Redundancy

Redundancy does not arise where the employer sells, transfers or contracts out whole or part of the business and where the employee is offered employment in a substantially similar capacity, or in a capacity the employee is willing to accept, on substantially similar conditions of employment, excluding benefits specified in the Benefits section of this manual, and who agrees to treat service as being continuous.

The same applies if the Company offers you employment in an associate Company.

Casual, temporary or fixed term employees have no entitlement to redundancy benefits.

Redundancy Calculation

If an employee of the Company is declared redundant the Company shall pay compensation calculated on the equivalent of 3 weeks base pay for the first year of service and 1 week’s base pay for each year thereafter to a maximum of 12 weeks.

The Company shall not be obliged to make any further payment (other than any statutory entitlement) beyond the terms of the contract.

Notice Period

Unless otherwise specified in your appointment letter, if employment is terminated because the position is redundant, the employee will receive two weeks notice in writing, or pay in lieu of such notice.