Redundancies & Settlement Agreements

Redundancies & Settlement Agreements

If you are an individual wanting advice on your redundancy or on settlement agreements, click here. 

 

Redundancy and Reorganisations

Restructuring and re-organisation projects within a business can be challenging, with potential hazards around every corner.  However, whether you are contemplating a large or small-scale redundancy process, amending your employees’ terms of employment or any other form of re-organisation, we have the expertise to assist you in carefully planning the project according to your commercial needs, guiding you through that process and avoiding the various pitfalls along the way.

The change process needs careful consideration in advance. If advice is sought early on, the process can be dealt with in line with your timescales.

There are many risks for employers and so the need to be conscious of the statutory framework alongside evolving case law on redundancy and reorganisations cannot be understated.

Sherrards offers practical, clear advice throughout the process. We are also happy to advise beyond a project’s conclusion, helping to make sure that any unanticipated complications are resolved as quickly and commercially as possible.

Our specialist employment lawyers are best placed to advise you when you are considering commencing a consultation process. We will advise on how to achieve commercial goals while adhering to the law, to manage the risk of claims and protect your legal position.

 

Settlement Agreements

Settlement agreements are entered into in a variety of situations, most often where an employee has agreed with the employer that the employment is to terminate and the employer has offered a severance package. They can also arise as a result of a dispute between an employee and employer, causing the employee to leave the business due to dismissal or by resigning. Settlement agreements can be particularly beneficial where an employee is on long-term sick leave or has performance concerns, and the parties wish to avoid a protracted dismissal process.

The settlement package will usually cover compensation for loss of employment, pension arrangements, references and benefits arising from the employment.

A settlement agreement ensures that the employee agrees to waive any legal claims (subject to a few which cannot lawfully be conceded) against the employer in return for a termination payment.

Our team is highly experienced at advising on exit strategies and settlements including:

  • The best tactics when looking to make a settlement offer to an employee
  • “Without prejudice” meeting scripts; together with tailored or template correspondence
  • Assistance with the negotiation of severance packages
  • Drafting settlement agreements bespoke to the particular circumstances

The employment team at Sherrards has the necessary expertise so that you can be sure the exit process is handled with discretion and in a way that protects your business as far as is possible.