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Voluntary redundancy ?

Discussion in 'General Discussion' started by wozzizname, 2 Jun 2006.

  1. wozzizname

    Wise Guy

    Joined: 29 Jun 2004

    Posts: 2,218

    Location: Rainham, Kent

    Sorry to post another 'what should I do with my life' thread, but I need some opinions on this..
    I've been with BT for 18 years, and my job is repairing payphones, multimedia kiosks and the phone system used by prison inmates as well as the occasional openzone site. However the payphone business is dying due to mobile phones, and we are having large cuts in our workforce - we are told that the payphone business will be dead within 2 to 3 years.
    I have the opportunity to take 18 months pay if I choose voluntary redundancy, but I have to make the decision by Monday :eek: I really don't know what to do - I'm 41, recently divorced and have no mortgage as I'm currently renting. I'm tempted to take the money and try to retrain in something (currently only got a couple of A levels and an ONC in electronics), but the easier option would be to stay where I am until BT eventually transfers me to another department (likely to be something I don't want to do, I've done overhead work in the past and hated it).
    Any ideas, oh wise overclockers community ? :confused:
     
  2. Stelly

    Don

    Joined: 5 Oct 2005

    Posts: 11,046

    Location: Liverpool

    I would say go for it mate, but (and I mean this with no offence) its harder to get a job with age behind you

    Stelly
     
  3. Velocity

    Wise Guy

    Joined: 28 Apr 2003

    Posts: 1,621

    Location: UK - Milton Keynes

    Id take the redundancy personally at my age.

    However at your age maybe trying to work you're way into another department? Internal promotion maybe?
     
  4. Glaucus

    Man of Honour

    Joined: 11 Mar 2004

    Posts: 76,645

    if I where you I would be scouring, newspapers, large company websites, job sites for stuff you can do and stuff you could fairly easily train in.
    You have some electronics qualification (no idea whats what though) and plenty of electronic experiance.
    18months pay is very tempting, if you can find out about some possible jobs before monday that would be a good start. I dont mean apply for jobs just know whats out there and whats required.
     
  5. Hate

    Soldato

    Joined: 18 Oct 2002

    Posts: 7,175

    Location: Sussex

    18 months seems like a decent payoff, even though it would be harder for you to get a job than if you were younger, i'm sure you could find something you liked in 18 months :)

    just remember to save as much money as possible from the payout!
     
  6. A.N.Other

    Sgarrista

    Joined: 6 Nov 2005

    Posts: 8,064

    Location: MK45

    I would say that at your age, you are fine for finding another job. However, in a few years time - nearing 50, it will be very much harder. I've seen this with both of my parents, anyway.

    So, if at the moment, you have nothing tying you down, then take the money and find something else. If you were to stay working at BT in a job you wouldn't want to be doing, then if they do lay you off in a few years time anyway, you'll be right up the creek.
     
  7. Spacky

    PermaBanned

    Joined: 4 Jul 2005

    Posts: 5,815

    Location: Cardiff, UK

    Is there anyway you can apply the skills you have now to the VoIP market?

    The VoIP market is pretty much cutting edge imo and probably useful for anyone with some communications expertise. Might be useful to read up on it all as well as training in something new.

    Something totally random and off track what about learning to be a driving instructor or something? With age comes experience etc and thats beneficial I would say in driving.

    Just a random thought.
     
  8. Buttons

    Hitman

    Joined: 24 Oct 2002

    Posts: 980

    Location: Manchester

    Certainly does seem a respectable payout. 41 is nothing, what do you fancy doing?
     
  9. Sputnik II

    Mobster

    Joined: 5 Nov 2004

    Posts: 2,547

    I would say take the money, have a holiday then go find yourself another job. You shouldn't have any problems at all, you've got an ONC in electronics and years of 'real' experience fixing things.
     
  10. Glaucus

    Man of Honour

    Joined: 11 Mar 2004

    Posts: 76,645

    they always seem to need people to fix things like ATM machines and install survailence/communication equipment for large companies..
     
  11. Buttons

    Hitman

    Joined: 24 Oct 2002

    Posts: 980

    Location: Manchester

    Good point, my wife's brother fixes ATMs (installs now I think) and by all accounts it's a pretty interesting and varied job. Given that they are telephony based (I assume) shouldn't be a great leap from what you currently do.
     
  12. Windle

    Capodecina

    Joined: 19 Oct 2002

    Posts: 14,155

    Location: Scotland

    18 months is a great package, some guys here got offered 1month + 1 week for every year with the company....
     
  13. HEADRAT

    Capodecina

    Joined: 18 Oct 2002

    Posts: 21,060

    Location: Cambridge, UK

    Grab it with both hands IMHO, you've got at least 24 years left working and you've been given golden oppurtunity, you could retrain to do absolutely anything you wanted.

    Remember as well that £30000 of the redundancy payment is tax-free so you're going to be able to live like you were working for 2 odd years ;)

    HEADRAT
     
    Last edited: 2 Jun 2006
  14. booyaka

    Capodecina

    Joined: 19 Jan 2006

    Posts: 13,707

    sounds like a good package - i'd say go for it and then take a bit a bit of time out and then get looking for a new job. plenty out there and see it as a new start in your life.
     
  15. wozzizname

    Wise Guy

    Joined: 29 Jun 2004

    Posts: 2,218

    Location: Rainham, Kent

    Thanks for the advice everyone - I guess if I couldn't find a suitable job quickly I could consider going to uni, as I always regretted not going when I was younger.
     
  16. wozzizname

    Wise Guy

    Joined: 29 Jun 2004

    Posts: 2,218

    Location: Rainham, Kent

    Almost decided to go for the money and run, anyone want to change my mind before it's too late ?
    Argh, this is difficult after 18 years with the same employer !
     
  17. HEADRAT

    Capodecina

    Joined: 18 Oct 2002

    Posts: 21,060

    Location: Cambridge, UK

    DO IT DO IT DO IT DO IT.... .. .

    HEADRAT

    P.S. I was born in Chatham in Kent ;)
     
  18. atpbx

    Capodecina

    Joined: 21 Oct 2002

    Posts: 21,452


    Take the money and get your class one.
     
  19. wozzizname

    Wise Guy

    Joined: 29 Jun 2004

    Posts: 2,218

    Location: Rainham, Kent

    So you managed to escape then......
    Maybe there's hope for me yet.
     
  20. HEADRAT

    Capodecina

    Joined: 18 Oct 2002

    Posts: 21,060

    Location: Cambridge, UK

    Yep got out of the Medway Towns in 1993 and have never looked back, funny enough I'm coming down to Rochester tomorrow to see some friends (I hear it's Dicken's Festival time of year).

    HEADRAT