Redundancies and Compromise Agreements
In redundancy situations, employers sometimes offer their employees termination packages that are more beneficial than a statutory redundancy payment, provided that they sign a compromise agreement. Why? Most employees have numerous employment rights, such as the right not to be unfairly dismissed. A compromise agreement allows employees to forgo those rights.
Employees who enter into compromise agreements must receive independent legal advice on their employment rights. Our solicitors have the necessary experience to do this, having regularly provided advice in finance, banking, and many other areas of the private and public sectors.
In some circumstances, employees may have concerns about treatment by their employer. If requested to do so, we can advise on the legal issues raised by such treatment. Our role is to advise the employee, not the employer.
If your employer has asked you to sign a compromise agreement, please contact our Employment Department.