Done in Lebanon I guess with 7 let go. which office will be Next with REDISMISSIV new born company?
yes no news is coming from London..
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Everyone is waiting for the axe to fall in London. Things are far too quiet at the moment. It's an unsettling feeling tbh. Just need it over and done with.
When I took my redundancy in uk (I wanted it after 10 years and now retired) they bought my 3 months notice off me.
Don’t forget to minimise tax on redundancy (£30k tax free) and avoid 40% tax you can put upto £40k into pension fund AVC and you can use unused years also (3 prior years allowance for input into AVC).
If your over 55 you can take 25% out of AVC tax free.
They are sending someone to Saudi by Thursday , as HR could not secure a visa .....so couple there as well before hitting the Pharos land...
Exactly. So this is how it'll work:
This week: people notified they're in pools
By Wednesday 17th Oct, people told if they're going, 45 days begins, probs put on gardening leave.
End of November, 45 days ends, told they don't need to work the 3 months notice, gone from TR.
Regarding London - and Wrexham! - pooling will happen for most staff. It was mentioned indirectly in a webcast today with the CIO (all were invited). Explicitly mentioned they were following uk law for consultations.
This is the law, and consultation has not started, afaik:
“20 to 99 redundancies - the consultation must start at least 30 days before any dismissals take effect. 100 or more redundancies - the consultation must start at least 45 days before any dismissals take effect.“
See earlier message - "You won't hear much from London yet. Meetings with Unions and Employee reps first. Expect to hear news later in the week, or Monday."
That message came directly from Human Resources.
Reckon the axe will fall hard.
They just need to get on with it.. transparent my a--...
Not sure the logic behind that assumption tbh. London people will mostly be put into pools. If they want them out by next week (which they will do) they'll need to tell them they're in the pools this week.
Nothing has been communicated in London yet. It seems it will be probably next Monday
Although I did hear that the VP of Sales in Legal (Practical Law / Westlaw / Lawtel products etc) was let go today, which is a unit that is not moving to Refinitiv, first name is How*rd
Rumour is that London will be hit next week, and it is the US this week that will be impacted, have been speaking to London Sales staff today, nothing has hit yet.
You won't hear much from London yet. Meetings with Unions and Employee reps first. Expect to hear news later in the week, or Monday.
Thanks for the info. Good luck to all impacted. Waiting for the other shoe.
Btw, you hit the nail with your headline.
Havent heard anything in london yet