My pension advisor told me to pick a bank instead of investing more in my pension. I thought that was strange advise as their rate of return is almost zero. He meant that I should rob it
My sister was made redundant last year, but not in the way your company has done. The boss decided to fire a whole department including key persons who had been there 40 years and my sis about 10. They were given little paperwork, a months wage and told to find a good solicitor. Any shares were ignored. A list of local solicitors was provided! She employed one of them thereafter we named "ms Shark", meanwhile the 40 years guys had got new jobs, more money and basically didn't want to know any more. After a couple of months, unfair dismissal was proven, letters were sent and the arrogant firm paid the equivalent of 6 months wages, holiday pay, shares including the last year as they were all let go on the week before trading day and several days shark feed. Sis had also found a new job by then.
I suppose the company saved some money on those who simply walked away, but what a kick in the teeth after that long?
I got made redundant in 2018 after 9 months trying to help a friend who employed me. The owner later fired me and walked me off the premises. I found it amusing at the time as I'd never had a job less than 7 years and had hated almost every minute at this place. Everyone working against everyone else, complete lack of trust in both employees and customers and stuck 70 years (or 170!) in the past. I called my friend later that day and told him it was all OK and he was very relieved. 12 months later, he also got the short walk treatment and had been there 40 years! He is a lot less stressed, happier and actually better paid now!
The current job is paying the bills and the company has a good attitude for apprentices and training and we genuinely work as a team. So if they will stand me at 67 or 68 (eek!), I'll still be there.