What is Redundancy Benefit?
Redundancy benefit is a benefit payable to an employee
who suffers loss of employment arising out of the introduction of new methods
of work, whether by automation, mechanization, rationalization or
reorganization due to shortage of work in accordance with the Protection of Employment Act. In order to qualify for
Redundancy benefit, an employee must have been employed for at least 3 years
and must be Covered by the Protection of Employment Act.