I have been working for a company for 6 years however we have been informed that the business is closing permanently. Am I entitled to redundancy and if so how do I go about applying?
A redundancy situation arises when you loose your job due to the closure of the business you worked for. The Redundancy Payments Act 1967-2007 sets out eligibility for a redundancy payment. There is an array of criteria but if you have worked for a company for over two years in continuous employment and have been paying a class A PRSI you should then be entitled to a payment through the Redundancy Payments Scheme.