RE: OliGarch.10 Feb 2020 15:33
Scampthedog, in reply to your questions;
My calculations are based on the "making staff redundant: Redundancy Pay - Gov.UK webpage which states that length of service is capped at 20 years and weekly pay is capped at £525 with a maximum of £15,750 per employee.
Given that a high percentage will max out on the 20 years and £525, I would anticipate that most staff would qualify for the maximum amount.
If we are using the very generous Royal Mail terms then I think that the business would go bankrupt.
Either way, it's not an affordable option and would be a bit of a gamble given the amount of time and training required in order to hire a new workforce of 140,000.