Unfortunately, no job is completely secure. Even businesses with a long history of success can be struck by unforeseen circumstances that mean jobs have to be cut. However, the 2020 global pandemic has meant that job security feels even more unstable than usual for many people.
So, what happens if you do lose your job? Can you get financial support if you are made redundant?
If you have been with your employer for longer than two years, then you automatically qualify for statutory redundancy pay. If you have been there for less than two years, you might not be entitled to any compensation, its down to the individual employer.
Morses Club PLC (LON:MCL) is an established, relationship-driven consumer finance provider offering a range of credit products and delivering exceptional services to customers in the non-standard finance market.