The proposal is for departing staff to get three weeks of pay for every year of service, down from the current month of pay. There would be a cap of 18 months of salary for voluntary redundancy and nine months for compulsory, down from the current 21 months and 12 months.
Statutory is something like a week a year capped at 20 weeks / £18k, so to describe the proposal as "shameful" feels like a bit of a stretch.
Just because something more crap exists doesn't make doing a crap thing less crap. Changing peoples T&C's to reduce redundancy costs knowing you are going to make mass redundancies heading in to a recession and with high inflation is a pretty bad thing you do
Statutory is something like a week a year capped at 20 weeks / £18k, so to describe the proposal as "shameful" feels like a bit of a stretch.