Redundancy | Being made Redundant

Redundancy is when you loose your job, caused by your employer needing to cut down on the workforce. Redundancy can happen for a number of reasons including…

• cost cutting within the business means staff numbers must be reduced
• the job you were hired for no longer exists
• the business closes down or moves
• a new system or technology means your job is no longer necessary

Redundancy is an awful situation to be in, and in most cases people who are made redundant usually are in the middle of paying back mortgages, car hire purchase, and various other debts, so to be told that all of a sudden you have no income can be a very scary time. The best thing to do is stays focused and realise that people have been in this situation before and came through it ok.  The first thing to do is find out if you are entitled to redundancy pay or if your employer can offer you alternative work. Once you know all your options contact us and we can help you from there.

If you have just been made redundant and you have already been struggling with your debts then Contact Debt Advice London straight away. We can discuss your situation with you and let you know what steps to take and what options are available to you to get you back on track.

For more information on Redundancy Contact Debt Advice London as soon as possible. By simply talking your problem over with one of our friendly expert debt advisors you will feel a weight lifted off your shoulders. We have helped thousands of people in your situation over the years so we are well versed in any problems you may be facing. Get in touch now and let us help you.