what is a reasonably redundancy pay sum for a 40yr driver,class 1,who has been working for a decent family run firm for 7yrs..been told it will be more than the statutory redundancy
The minimum is 1.5 weeks pay for each year you have worked for them up to a max of about £400 per week. Anything over that would be a bonus. A lot of Companies have their own scales for redundancy and this should be in your contract.
Statutory would be approximately £3500 I estimate.
The fact that he's drivenfor 40 years isn't relevant. The employer may have its own scheme. These typically pay anything between 1 and 4 weeks' pay per completed years' service, although I expect the figure will be at the lower end of the range and won't be much greater than the statutory payment- less than £10000 I'm sure