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Redundancy Payments

Volume 982: debated on Wednesday 2 April 1980

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asked the Secretary of State for Employment (1) what has been the total cost of redundancy payments in each of the last five years; what it is for current year; and what are the estimates for 1980–81, 1981–82;(2) what was the average amount paid to individuals in respect of redundancy payments in each of the last five years; and what it will be in the current year;(3) whether the statistics kept concerning redundancy payments show what proportion of such payments is made to people, who, havirg left their jobs, go immediately into retirement.

[pursuant to his reply, 1 April 1980]: The total cost of statutory redundancy payments and the average individual payments made during the past five financial years were as follows:

Total payments£
1974–7591,575,000
1975–76201,991,000
1976–77175,690,000
1977–78160,151,000
1978–79198,142,000
1979–80169,767,000
(1st three quarters)
Average payments£
1974–75431
1975–76553
1976–77605
1977–78709
1978–79770
1979–80889
(1st three quarters)
No estimate is available in respect of future years. No record is kept of the economic activity of beneficiaries following their redundancy, but there can be

starting courses in 1979–80, and the corresponding provision which it is proposed in present plans will be made for 1980–81.

no entitlement to a redundancy payment where an employee becomes redundant at or after the statutory retirement age.