I am made redundant. How can I calculate the redundancy payment I may claim?
Article ID: 147 | Last Updated: Thu, Jan 17, 2013 at 9:55 AM
Calculation of a redundancy payment
If you are made redundant you may be able to claim a redundancy package. This depends on the actual situation and whether or not there is a social plan. If there is no social plan you will have to negotiate with the employer yourself about a redundancy payment you may receive due to the (unwanted) dismissal. But where do you start? Do you wait for the employer to make you an offer? Of course you can wait, but you can also take the first step yourself. The most used option to calculate a redundancy payment is the formula which has been developed by the lower Courts of Justice, the so called "kantonrechtersformule". Due to the many court cases they decided to create a formula which all courts would use. This formula will look at the period the employee has worked for the employer, the monthly salary which was being paid and the way the contract is ended.
You can find more information about the kantonrechtersformule on http://www.expatax.nl/kantonrechtersformule.php.
More information about the tax options you have with respect to a redundancy payment can be found on http://www.expatax.nl/redundancy.php.
Our lawyer, who is specialized in employment law, can help you claim the right payment and also with other legal issues related to the dismissal. If you need her assistance please contact us.