At the time of writing (January 2021), unemployment in Ireland stands at 25% of the workforce due in large part to the Covid-19 pandemic. This is a striking figure, one not seen in over 40 years and one that is heavily comprised sadly of redundancies. It could be a case …
Voluntary Redundancy and You
Having originally targeted 1,400 employee acceptances in early August 2020, Bank of Ireland made the news in September when it was revealed that some 2,000 members of staff applied for their Voluntary redundancy scheme, equating to more than 19% of their overall workforce. The departures were blamed on persistently low …
Redundancy and tax relief
A forced redundancy is not an outcome that either party involved wants to see, employer or employee. For the employer in most cases, it’s a sign of business contraction, for the employee this spells a dramatic change in personal circumstances, redundancy payment or not. If deemed unavoidable, it is important …