In the current economic climate, many financial institutions, including banks in London Docklands and Canary Wharf, are laying off staff.
An employer dare not just agree a compensation package with a leaving employee. The employee may pocket the money and still sue the employer for any one or more of the many possible employment claims - unfair dismissal, wrongful dismissal, unfair selection for redundancy, discrimination on the grounds of race, sex, sexual orientation, religion, age and so on.
The only thing an employer can do to prevent this is by a properly drawn up compromise agreement signed off by the employee and an independent solicitor. Employers usually foot the bill of the employees solicitor.
Call Michael Breeze 07 900 195 195 www.docklandssolicitor.co.uk for advice and if appropriate, to get your compromise agreement signed off by an independent solicitor.
Labels: financial compensaton compromise agreements
# posted by michael @ 12:18