RSA plans to halve redundancy payouts for staff
Proposal affects staff employed before April 2013.
RSA staff have been told by email and through a booklet that the insurer is proposing to cut redundancy entitlements by up to half in the UK, sister title Post has reported.
According to the article, staff could see the payouts drop from four weeks' pay per year of employment to two weeks.
The proposal would hit staff employed before April 2013 with all joiners post then already on contracts with statutory redundancy terms.
This works out at half a week's pay for each full year when under 22
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