Smoke and mirrors or actually informative? Going to be a sad day when it all goes.
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RSU, The company retains control over them, they may not honor them if they consider you have not met the conditions of their granting.
The fact that you are no longer an employee is irrelevant.
Did you get any clarity on the RSUs yet?
Consultation
You’re entitled to a consultation with your employer if you’re being made redundant.
This involves speaking to them about:
(1) why you’re being made redundant
(2) any alternatives to redundancy
(3) If your employer is making up to 19 redundancies, there are no rules about how they should carry out the consultation.
(4) If they’re making 20 or more redundancies at the same time, the collective redundancy rules apply.
You can make a claim to an employment tribunal if your employer does not consult properly, for example if they start late, or do not consult at all.
Collective redundancy rules
If your employer is making 20 or more employees redundant at the same time, the consultation should take place between your employer and a representative (rep).
This will either be:
a trade union rep (if you’re represented by a trade union)
an elected employee rep (if you’re not represented by a trade union, or if your employer does not recognize your trade union)
Collective consultations must cover:
(1) ways to avoid redundancies
(2) the reasons for redundancies
(3) how to keep the number of dismissals to a minimum
(4) how to limit the effects for employees involved, for example by offering retraining
(5) Your employer must also meet certain legal requirements for collective consultations.
Length of consultation
There’s no time limit for how long the period of consultation should be, but the minimum is:
(1) 20 to 99 redundancies - the consultation must start at least 30 days before any dismissals take effect
(2) 100 or more redundancies - the consultation must start at least 45 days before any dismissals take effect
(3) Electing employee reps
If you’re an employee affected by the proposed redundancies you can:
(1) stand for election as an employee rep
(2) vote for other reps
(3) Fixed-term contract employees
(4) Your employer does not need to include you in collective consultation if you’re employed under a fixed-term contract, except if they’re ending your contract early because of redundancy.
https://www.gov.uk/redundancy-your-rights/consultation
No production in North Sea. No need for Brits.
@k7+1jsmnbyc9 No collective bargaining in the UK for white collar workers though. However, you are correct that this legally obligated process is still better versus some other countries.
@je+1jsmnbyc9 consultancy is for countries where there are decent labour laws. Not of the kind that can fit on a single A4 page, like in Texas.
This being said, it's very often a tick the box exercise. Been through this twice in the last 4 years. Only good thing is you have at least an opportunity to collectively negotiate a decent severance package. It won't stop the process.
Sounds better than being runoff with nothing.
Consultation is a legal process and obligated under employment law in the event an employer initiates a significant redundancy programme.
In the UK there are no voluntary redundancies as part of this process.
It lasts around 40 days, then there's a selection programme where the company decides who the unlucky ones are that it wishes to retain 😁
Then about a month when you could be redeployed into another role, which could be nothing like your professional qualifications or experience.
If nothing is still offered, then you are one of the lucky ones and you get a final 12 weeks paid notice, prior to your final redundancy lump sum.
Entire process takes 6 months.
What is this consultation program? Please give us other HC10 people some background on whether it could apply to us too
Anything and everything is always for sale at the right price. Been that way for decades. The only difference now is that DW is willing to just shut things down without a buyer at all (e.g. NDG).
They seem to value short term gains over long term value but I guess time will tell.
Houston is on the chopping block as well. Don't be naive.
Smoke and mirrors about sums it up. It's a legal requirement, so it meets that need and no more.
Like the response below, Exxon has nil interest in the UK, rest of Europe will follow. Nothing exists between Houston and Bangalore.
For those left, including the remainder of HC10, good luck and put yourselves first.
Tick in the box. They just want rid of us