In this straightened economic climate, redundancy is a threat faced by millions of UK employees. It is important for employees who may face redundancy to understand their rights. Employees should consult their company's redundancy policy to understand the procedure and their entitlements. Reasons for redundancy must be legally acceptable, such as a job becoming obsolete, and employees cannot be selected due to attributes like union membership. Statutory redundancy pay is calculated based on years of service and weekly pay, up to a maximum of 20 years and £350 per week.