What if I get made redundant?

First of all, don’t panic! Most people in today’s workforce will be made redundant at some stage in their careers, and where once it may have carried a certain stigma with it, there are countless examples of people using redundancy as an opportunity to transform their lives for the better.

Losing your job can be traumatic and stressful, but it can also offer a chance to look at your career as never before and embark on a new direction, often with a helpful sum of money to set you on the path. Get in touch with your union representative to ensure that you get the best possible redundancy package, and make a clear plan about how you intend to use it, whether as capital to allow you to make a career change or as living expenses to keep you going until you find another job. Buying a Ferrari can probably wait.

Make sure you read our information about your work rights concerning redundancy, so you know what you can expect during this tricky time, and our Redundancy: be a survivor blog for advice on how to deal with the redundancy process and look for the positives of losing your job. 

Note: This content is provided as general background information and should not be taken as legal advice or financial advice for your particular situation. Make sure to get individual advice on your case from your union, a source on our free help page or an independent financial advisor before taking any action.