FabSwingers.com forum: £50K redundancy

By (user no longer on site) OP
over a year ago

If your employer offered you £50K redundancy next week, would you take it? Or would you try and keep your job with them?

Considering the volatile job situation currently with so many people losing their jobs, and the unknowns of when jobs may be available in the next couple of years.

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By *ex HolesMan
over a year ago

Up North

No. I have too much Final Salary pensionable service to be bought off

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By *oroRick1027Man
over a year ago

Middlesbrough

I'd snap their hand off. Iv got less than 2 yes to retirement

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By (user no longer on site)
over a year ago

Wouldn’t take it, My job isn’t going anywhere and I get too much of a good deal out of my employment that £50k wouldn’t even make me consider leaving.

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By (user no longer on site)
over a year ago

No. I’d be tempted but realistically £50k is not enough. Though it’s all relative on where you live in the country I guess. For me it’s less than my annual salary so not much of an incentive. £150k then we talking

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By *atricia ParnelWoman
over a year ago

In a town full of colours

No I am lucky enough to have a job that will be secure for me till I retire

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By * and M lookingCouple
over a year ago

Worcester

As I own the company then that would be difficult but have been there previously and received a severance package from my old employer.

It was fair and enabled me to buy into the business that we now own outright.

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By (user no longer on site)
over a year ago

Right at this moment? Probably.

Next week it would probably be a different answer.

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By (user no longer on site)
over a year ago

"If your employer offered you £50K redundancy next week, would you take it? Or would you try and keep your job with them?

Considering the volatile job situation currently with so many people losing their jobs, and the unknowns of when jobs may be available in the next couple of years."
I'd take it, a change is as good as a rest

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By (user no longer on site)
over a year ago

Probably not, the is too much uncertainty in the job market and my current employer is both likely to survive and a good one to work for.

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By (user no longer on site)
over a year ago

Yup, and I’d do what I did 20 years ago again, bought a van and a Soundsystem and buggered off round Europe. Seems about the only sensible thing to do these days

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By (user no longer on site)
over a year ago

I would take it. I could walk into another job no prob

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By *uxom redCouple
over a year ago

Shrewsbury

Hell yes I'd take it.

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By *icecouple561Couple
Forum Mod
over a year ago

East Sussex

Yes I would. I walked for a fraction of that without a backward glance

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By (user no longer on site)
over a year ago

people seeking jobs since lock down has exploded and its only going to get worse

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By (user no longer on site)
over a year ago

Hell yes. My visa runs out soon anyway.

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By (user no longer on site)
over a year ago

I would. Mainly because I'm in an industry where I cam walk out of one job today and be in another tomorrow. Plus 50k is over 2 years pay for me, so no rush to find work

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By *rumpet and ScouseCouple
over a year ago

Chorley

Yeah I'd take it and so something else

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By *offee27Man
over a year ago

Wiltshire

Yep I'll take it, sort my shit out and head back home

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By (user no longer on site)
over a year ago

"I would take it. I could walk into another job no prob "

This. I could happily have a few months off to job hunt for the right role or do something part time for a bit of a rest.

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By *verysmileMan
over a year ago

CANTERBURY

Most definitely.....I have options and a £50k payout would be gteat although having been around for so long, my contractual arrangements would give me more.

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By (user no longer on site)
over a year ago

Like a shot. Love my work but dont like my management. Enough to set up something for me with a buffer to keep me safe, I'd take that gamble

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By *ools and the brainCouple
over a year ago

couple, us we him her.

Fuck yeah I'd take it.

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By *a LunaWoman
over a year ago

South

I would.

However i wouldn’t underestimate the amount of folk currently looking for work. We had a job advertised that before Covid we would have struggled to get interested applicants for, and within two days we had over 50 plus applicants for it

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By *ichaelangelaCouple
over a year ago

notts

equates to a wage of just over £2000 a month for 2 years, so no, could earn more than that in 2 years, that is, unless i had another job with similar money to walk straight in to after accepting my 50k

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By (user no longer on site)
over a year ago

"I would.

snap over 300 for 1 night job here ..its gone crazy

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By (user no longer on site)
over a year ago

Hell yes! Give me that 50k

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By (user no longer on site)
over a year ago

Where do I sign?

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By (user no longer on site)
over a year ago

Hell yeah, I’m unemployed

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By (user no longer on site)
over a year ago

I'd take it

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By *ady LickWoman
over a year ago

Northampton Somewhere

Yes, I'd take that in fact is snap their hand off

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By *ady LickWoman
over a year ago

Northampton Somewhere

*I'd*

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By (user no longer on site)
over a year ago

No - not even a year’s salary.

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By (user no longer on site)
over a year ago

"If your employer offered you £50K redundancy next week, would you take it? Or would you try and keep your job with them?

Considering the volatile job situation currently with so many people losing their jobs, and the unknowns of when jobs may be available in the next couple of years."

3 years wages??... I’d snap their hands off!

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By (user no longer on site)
over a year ago

Hell yeah, this is redundancy not retirement, 50k is a very good deal, I'd snap it up, you can get a new job with 50k in the bank, no brainer

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By (user no longer on site)
over a year ago

"No - not even a year’s salary."

Where you working to make 50k-a-year ? That's 4k-a-month, 1k-a-week, pretty good no ?

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By (user no longer on site)
over a year ago

I (mr) would. My boss is an massive tosser.

I'm self employed.

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By (user no longer on site)
over a year ago

That's just over my salary,1 year salary which won't last long to then have to find another job which probably wouldn't pay as much,I wouldn't even consider it.

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By *rHotNottsMan
over a year ago

Dubai & Nottingham

The best way to financial security is to keep working and keep progressing , taking redundancy is nearly always a huge mistake. Unless you have a good business ready to personally loan 50k to I’d say no.

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By *ink-KameraMan
over a year ago

Livingston

I could buy a new Hasselblad and a couple of lenses for that BUT I'd say no as it's not enough to retire on.

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By *elshkinkyMan
over a year ago

south wales

Good god I’m 2 years away from a final salary pension so nooooo

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By (user no longer on site)
over a year ago

Solo-Nope

Chewie-Fuck yeah

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By (user no longer on site)
over a year ago

Take it. Ive only been there a year

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By (user no longer on site)
over a year ago

"I could buy a new Hasselblad and a couple of lenses for that BUT I'd say no as it's not enough to retire on."

A time mac_ine???

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By *erriAnneTV/TS
over a year ago

The shire

Not in a million years. Wouldn't even cover a years wage. Maybe 50 k then 50k each year for the next 20 years

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By (user no longer on site)
over a year ago

I’d take it and then I’d look for another job

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By (user no longer on site)
over a year ago

"Not in a million years. Wouldn't even cover a years wage. Maybe 50 k then 50k each year for the next 20 years "

Prostitution’s booming??...

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By (user no longer on site)
over a year ago

No, not in the current economic climate

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By (user no longer on site)
over a year ago

I would not getting any younger 50k would help a lot

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By (user no longer on site)
over a year ago

If you are retiring next year, maybe yes. If not, NO!

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By (user no longer on site)
over a year ago

50k is fuck all in reality.

Although I work for myself so it will never happen. If I did have a staff job, even if I didn't like it I probably wouldn't take it.

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By (user no longer on site)
over a year ago

"If your employer offered you £50K redundancy next week, would you take it? Or would you try and keep your job with them?

Considering the volatile job situation currently with so many people losing their jobs, and the unknowns of when jobs may be available in the next couple of years.I'd take it, a change is as good as a rest

I can take that £50k anytime I want, but then it will affect my cashflow. I am also a crazy spender so that money will only last for maybe 4 months max!

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By *innie The MinxWoman
over a year ago

Under the Duvet

Yes.

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By (user no longer on site)
over a year ago

I'd take it in a flash, would pay my mortgage off and leave a few grand to spare, once that's gone I can do any jod to cover the other bills

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By *iamondCougarWoman
over a year ago

Norfuck! / Lincolnshire

I’d undersell myself at £50k add £25k and I might consider it

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By (user no longer on site)
over a year ago

I get a lot of people saying it does not match their salary. But I’m confident I could find an identical role within a few weeks and be £50k up plus my normal salary

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By (user no longer on site)
over a year ago

yes i absolutely would.

Iv been thinking about retraining for a while but never got round to it so this would give me the push and financial support I needed.

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By *os19Man
over a year ago

Edmonton

"If your employer offered you £50K redundancy next week, would you take it? Or would you try and keep your job with them?

Considering the volatile job situation currently with so many people losing their jobs, and the unknowns of when jobs may be available in the next couple of years."
. If my employer offered me £50k tax free then yes I would take it.I was offered voluntary redundancy in 2014 , 2015 and in £28K in 2016 but at that stage in my life I wasn’t ready to go.

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By *aucy sausageMan
over a year ago

Gentleshaw

I took 40k a couple of years ago in my early 50s

Best move i ever did.

I had confidence in my abilities, now run my own consultancy and turn over 100k +

I am quite specialised in what I do (I test government computer systems for security vulnerabilities and Disaster Recovery processes), love the challenges it brings.

Just dont blow the redundancy on material things.. reinvest in yourself and reap the rewards.

Or blow half on a new car and put the rest on Red at the Casino!

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By (user no longer on site)
over a year ago

"No - not even a year’s salary.

Where you working to make 50k-a-year ? That's 4k-a-month, 1k-a-week, pretty good no ?"

Yeh, if you don’t pay tax & ni, or have any other deductions such as pension!

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By (user no longer on site)
over a year ago

"No - not even a year’s salary.

Where you working to make 50k-a-year ? That's 4k-a-month, 1k-a-week, pretty good no ?

Yeh, if you don’t pay tax & ni, or have any other deductions such as pension!"

You are left with about £2600 a month after these deductions plus a company car

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By *uriousscouserWoman
over a year ago

Wirral

I'd take it in a heartbeat. It's 6 months money and I've been approached a couple of times during this month for new contracts. The reason I've not gone for it is because the current role is perm where the contracts are for 6 or 12 months, but if they offered to pay me off I would certainly go. It's a good enough buffer for me to take my time finding a new contract that's actually fun rather than just chasing cash.

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By *ulia12342000Couple
over a year ago

Bury

Only if you had another job secured x

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By (user no longer on site)
over a year ago

Id take it, that's my remaining mortgage paid. Id find a part time job doing anything thats stress free x

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By *3xyCoupleCouple
over a year ago

swingers town

I would take it and go into swinging full time.

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By *oirinMarkusCouple
over a year ago

West Midlands and West London

Yes. I'd have a bit of a break and look for a new job after a little bit of travelling. My sector is always hiring so I know I can get another job as and when.

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By *risky businessMan
over a year ago

APharaohWay

Hell yes ive just been sacked

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By *ineMan
over a year ago

In cave behind a waterfall on a hill

I would but the boss is too mean to offer it...

I'm self employed

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By (user no longer on site)
over a year ago

yes and no

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By (user no longer on site)
over a year ago

God yes!

I'm sick if my job infact I fucking hate it!

There's little hope of finding anything else with the world as depressing as it is right now - so I'd take the 50K and run!

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By *oxladMan
over a year ago

WORKSOP

Oh Yes!

Find myself a little pottering Job!

No hassle, which is not what happens currently!

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By (user no longer on site)
over a year ago

Take it then find another job

100%

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By (user no longer on site)
over a year ago

Yes. If they're offering it now they're looking to get rid of you already. Take it now as next offer will be lower if any.

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By (user no longer on site)
over a year ago

No way - it would cost them a lot more than that - plus the non compete clause !!

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By (user no longer on site) OP
over a year ago

"Only if you had another job secured x"

I suppose that's the worry. Are there any jobs at the moment.

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By *eonMan
over a year ago

Belfast

I’d be off in a flash!

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By * Sophie xTV/TS
over a year ago

Derby

I'm going to be offered something in the region of that amount and probably more if they do it as it has been done before but there is no way I'm going to take it, I'd be screwed if I did.

Hopefully it's not pushed onto me by compulsory redundancy either but if that the case then life will change in a big way, house gone, car gone and downsize everything.

Good luck to anyone else finding themselves in this position, it's not pleasant and I've been through this 5 times already with the same company over the years.

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By (user no longer on site)
over a year ago

"If your employer offered you £50K redundancy next week, would you take it? Or would you try and keep your job with them?

Considering the volatile job situation currently with so many people losing their jobs, and the unknowns of when jobs may be available in the next couple of years."

Yes I would. That amount is more than 2 years wages for me so I would definitely take it.

I have gone off my job recently

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By *oungJayyMan
over a year ago

Newcastle upon Tyne

Seeing alot of mixed opinions and moreso people siding to not take it.

I must admit, i would 100% take it simply because for what i have gained in experience (as a manager) i simply earn less than i should, that 50k would be over 3 years worth of wages for me and would like to ideally find a new job anyway as the one (i feel). I'm currently stuck in, isn't beneficial for me x

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By *ilvergreyMan
over a year ago

Wakefield

"No. I have too much Final Salary pensionable service to be bought off"
maybe so but don't forget your going to spend the rest of your working life paying for corona virus pay outs all investments are dropping like stones at the moment

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By (user no longer on site)
over a year ago

Nah - I have pretty good job security.

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By (user no longer on site)
over a year ago

I haven't been in this job for a year yet but it's the first time I have ever been happy and enjoyed my job, so I would want to stay

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By *ilvergreyMan
over a year ago

Wakefield

"people seeking jobs since lock down has exploded and its only going to get worse "
so_eone who can see where this is going give yourself a star

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By *atex and KinkCouple
over a year ago

Edinburgh

Most definitely. We could start our lifes over.

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By *V-AliceTV/TS
over a year ago

Ayr

I'd take it. For me, like most people, that's a lot of money.

It's more than double the average UK income, after tax and NI.

Before the virus, there were 8.2M working poor in this country. Nobody's going to be offering them a £50K pay off.

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By (user no longer on site)
over a year ago

No brainer for me thats more than two years wages it would be enough to clear my debts and let me work part time and live comfortably

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By (user no longer on site)
over a year ago

Yes im 62

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By *rHotNottsMan
over a year ago

Dubai & Nottingham

"If your employer offered you £50K redundancy next week, would you take it? Or would you try and keep your job with them?

I can take that £50k anytime I want, but then it will affect my cashflow. I am also a crazy spender so that money will only last for maybe 4 months max!"

Likewise. Wouldn’t last an evening on the gold souk would it ? I try to kill as much revenue as possible before it becomes cash or me and my lot just burn through it..... holidays, drones, gadgets, clothes, jewellery can easily get through 5-10 a month if not careful

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By (user no longer on site)
over a year ago

"No - not even a year’s salary.

Where you working to make 50k-a-year ? That's 4k-a-month, 1k-a-week, pretty good no ?"

I don’t work anywhere special - just worked hard over 15 years to earn regular promotions. It’s not like I’m saying I earn 150k pa

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By (user no longer on site)
over a year ago

Nah.

There’s fuck all to spend it on at the moment.

I’ve built up a right stash with the pubs and restaurants being shut.

Bit of an eye opener really!

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By (user no longer on site)
over a year ago

I’d take it - chartered accountant.

Probably go travelling with it... I know I can pretty much snap a job up anywhere in the world with my qualification - job security

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By *sGivesWoodWoman
over a year ago

ST. AUSTELL, CORNWALL

I was made redundant with no redundancy pay recently, so yes I would have taken it.

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By *olgateMan
over a year ago

on the road to nowhere in particular

Where do I sign?

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By (user no longer on site)
over a year ago

I dont have a job...so yeah lol

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By *VineMan
over a year ago

The right place

If they doubled it I’d consider it.

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By *VineMan
over a year ago

The right place

"I’d take it - chartered accountant.

Probably go travelling with it... I know I can pretty much snap a job up anywhere in the world with my qualification - job security

Traveling! We aren’t even allowed to go to Wales

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By *moothdickMan
over a year ago

stoke

The ink on the cheque wouldn’t be dry before I was running through the doors, for the last time

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By *omplexchiqueTV/TS
over a year ago

Sale

"If your employer offered you £50K redundancy next week, would you take it? Or would you try and keep your job with them?

I can take that £50k anytime I want, but then it will affect my cashflow. I am also a crazy spender so that money will only last for maybe 4 months max!

Lol you seem proud of your spending but also not particularly happy as a result....

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By *hilMan
over a year ago

HOUGHTON LE SPRING

you would have to consider your age, the voluntary redundancy/ enhanced package against what you would get if being made redundant(statutory redundancy payments)if employer went bust.

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By (user no longer on site)
over a year ago

If so_eone wanted me redundant then I'd probably go, regardless of money. I work by the theory that if you do a good job they you'll get looked after.... I don't want so_eone's 50k if I'm not worth it, but then maybe I'm lucky to be able to say that....

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By (user no longer on site)
over a year ago

I did once not by choice..rather to have my job 11 years working in the same place you grow routes..

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By *nabelle21Woman
over a year ago

B38

Where do I sign!

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By (user no longer on site)
over a year ago

"Where do I sign!"
................. dotted line

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By *ust RachelTV/TS
over a year ago

Horsham

Due to the line of work I do, I would say take the momey. I would get a new job quick enough.

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By (user no longer on site)
over a year ago

Wow that's a huge amount of money, 5 years salary, you'd have to be crazy not to take it!

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By *ubsteffTV/TS
over a year ago

Portsmouth

"God yes!

I'm sick if my job infact I fucking hate it!

There's little hope of finding anything else with the world as depressing as it is right now - so I'd take the 50K and run!"

What job do you do?

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By * and M lookingCouple
over a year ago

Worcester

One thing that this thread has proven to me....

There really are some serious bullshitters on here

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By (user no longer on site)
over a year ago

Dqmn right I'd take it, that's 4 years wages. Pretty sure I could find another job in that time, or train to do something else

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By *ophieslutTV/TS
over a year ago

Central

No. It sounds like a tiny amount for many people and their investment

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By *organ and rob zombieCouple
over a year ago

bradford

2 years wages would be appealing to me!

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By *oirinMarkusCouple
over a year ago

West Midlands and West London

"I’d take it - chartered accountant.

Probably go travelling with it... I know I can pretty much snap a job up anywhere in the world with my qualification - job security

Traveling! We aren’t even allowed to go to Wales "

When we can. Although I think we'll be able to travel within the UK and Great Britain by the end of this year x

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By (user no longer on site)
over a year ago

Yes because Im good at my job so wouldn't struggle to find a similar role

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£50K redundancy - would you take it?