| ▲ | jbl0ndie 6 hours ago | |
Possibly not. Buying yourself out of employment and commercial rental contracts can give rise to costs. In the UK, statutory redundancy pay, after 2 years of service, is 1 week of pay per year of service and 1.5 weeks if you're over 41. For a long duration commercial lease it might be worth paying to break the contract rather than the running costs for an unused building. These are probably short-term costs, with longer term savings projected from the reduction in headcount and premises. | ||