If you lose your job due to company changes or closure, you might get a redundancy payment depending on your contract and local laws. In the UK, if you’ve worked for at least two years, you’re entitled to a statutory redundancy payment based on your age, service length, and weekly pay. Your contract might also offer a contractual redundancy payment. In the US, there’s no federal law mandating redundancy payments, but some states have their own rules. Check your contract and laws to know your rights and entitlements in case of redundancy.
