February 2014

Redundancy – Where to Next?

The past few weeks has seen a large number of corporate failures and closures resulting in redundancies across a number of Australian industries. We have seen recently seen Forge Engineering and Mining Services go into administration as well as Ford and Holden announcing they will be leaving Australia by 2017, costing thousands of Australians their jobs.

That’s over 5,000 workers in Australia who already have or will lose their jobs in a short space of time. At Life Financial Planners we have extensive experience in working with outplacement organisations who specialise in employment termination. If you find yourself in this situation, let us help you plan for this transitionary period and avoid unnecessary anguish.

Here are a few websites as well that might be of help:

http://www.fairwork.gov.au/termination/redundancy/Pages/default.aspx

http://employment.gov.au/general-employee-entitlements-and-redundancy-scheme-geers

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