Winckworth Sherwood partner Jo Keddie comments on redundancy in Daily Telegraph
Jo Keddie, an employment partner at Winckworth Sherwood, has been quoted in the Daily Telegraph in an article relating to redundancy.
The article raises the fact that unemployment is decreasing at a faster rate than expected, according to the Office for National Statistics.
In the article, Keddie states that employees in their late fifties facing redundancy may suffer if they have spent all their working lives with one company, as they will still only receive the statutory redundancy payment and their notice period.
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This decision represents a welcome return to the ‘pay for what you use’ principle and strikes a fairer balance between different creditor and expense groups.
Winckworth Sherwood has provided a summary of the Trusts (Capital and Income) Act 2013.