£200,000 redundancy payments for oil workers

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AtW replied

14 January 2008, 19:23
I think they will have 40% tax on any redundancy payment greater than £30k.
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KentPhilip replied

14 January 2008, 19:21
Originally posted by thunderlizard View Post

"Redundancy packages of £50,000 are being offered to the company’s IT staff, dwarfing the £200,000 packages it has pledged to its offshore oil rig workers."

that's not what I'd call "dwarfing"!

huh?

it doesn't say that in the article. What have you been smoking?
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thunderlizard replied

13 January 2008, 23:07
"Redundancy packages of £50,000 are being offered to the company’s IT staff, dwarfing the £200,000 packages it has pledged to its offshore oil rig workers."

that's not what I'd call "dwarfing"!
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KentPhilip replied

13 January 2008, 23:04
Originally posted by Sockpuppet View Post

A lot of petrol tanker drivers are still very well payed.

I can imagine. How much are we talking here? £50K?

Just out of idle curiosity what is the normal result of a tanker driver involved in a crash that was their fault. Are they routinely fired, or do they get warnings? (Assuming they survive that is)
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Sockpuppet replied

13 January 2008, 13:28
A lot of petrol tanker drivers are still very well payed.
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Sysman replied

12 January 2008, 23:53
When petrol tanker drivers were employed directly by the oil companies they had a very strong union and got paid very well indeed. To slash a payroll like that by replacing them with subcontractors, the oil companies could afford a lot of money in redundancy and/or early retirement payouts.
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snaw replied

12 January 2008, 09:49
I'm guessing you don't want to go pissing off your core workforce, the oil workers, who happen to be heavily unionised as well. IT workers on the other hand ...
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KentPhilip started a topic £200,000 redundancy payments for oil workers

11 January 2008, 23:55
£200,000 redundancy payments for oil workers

http://www.contractoruk.com/news/003611.html

This is one of the stories in the news section of contractoruk.com about workers being made redundant from Shell oil. Oil workers are getting £200,000 payments, but IT workers are "only" getting £50,000.
The unions are annoyed about it.

How on earth, or why on earth does a company choose to make such huge redundancy payments to workers? Why do they choose to pay so much, but much less to other workers?

And following on from that, I don't think £50,000 is all that bad for the IT workers. I got £14K after 4 years service and I thought that was quite good, so I don't understand why the Shell IT workers are complaining.
How do companies work out what redundancy payments to make?
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