No - you may get made redundant as well later on and you would get a lower pay off as the payout is normally linked to your final salary.
As has been said you have to look after numero uno in the employment world - cos no one else will!
With us we all had to agree to it, if one didn't than it would have been redundancies...wonder who would have got made redundant, the ones who agreed to it or the ones who didn't.
Yes took a 10% reduction a few years ago...nobody was made redundant. Got the 10% back late last year.
We were promised the money back when things improved, never got it. As others have said, the later redundancy payments were at a lower rate due to the pay cuts. However, it didn't make a HUGE difference to the redundancy pay outs.
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With us we all had to agree to it, if one didn't than it would have been redundancies...wonder who would have got made redundant, the ones who agreed to it or the ones who didn't.
That was my thinking too.
We were promised the money back when things improved, never got it. As others have said, the later redundancy payments were at a lower rate due to the pay cuts. However, it didn't make a HUGE difference to the redundancy pay outs.