Whatever the reason is that you have been given a settlement agreement, be it redundancy, facing termination due to stress, poor health or performance issues, or if your employer is completing a general restructuring, we can help you.
1. Redundancy : This occurs when an employer no longer requires a particular job role to be performed by anyone, often due to changes in the business or technological advancements. In such cases, employees may be offered a settlement agreement as compensation for the termination of their employment.
2. Termination due to stress, poor health, or performance issues**: Sometimes, an employee’s job performance may be impacted by factors such as stress, health issues, or difficulties meeting performance expectations. In such situations, an employer might offer a settlement agreement as an alternative to termination through disciplinary processes.
3. General restructuring : Companies may undergo organizational changes, such as mergers, acquisitions, or internal restructurings, which could lead to redundancies or changes in job roles. Settlement agreements might be offered to employees affected by these changes as a means of resolving their employment contracts.
In each of these scenarios, the offer of a settlement agreement typically involves negotiating terms such as financial compensation, confidentiality clauses, and any other relevant conditions. The statement suggests that the entity making the offer can provide assistance to employees navigating the complexities of settlement agreements in any of these situations. This assistance might include legal advice, negotiation support, or guidance on understanding the implications of the agreement.