The Financial Services Union (FSU) has welcomed a decision by Indeed on voluntary redundancy, providing for expressions of interest for those who would like to take the redundancy terms.

However, workers have informed the FSU that they are unhappy with two aspects of the redundancy terms offered by the jobs website.

Indeed announced in May that it would cut around 8% of its workforce – totalling 1,000 jobs globally.

The number of job losses at its Irish operation is unknown, but it is understood that around 70 redundancies are being sought from its workforce of 1,200 people.

The severance terms are 16 weeks’ pay plus statutory redundancy, and one week’s pay per year for every year of service over five years.

This means that someone who worked for Indeed for seven years would receive only three week’s pay more than someone who worked with the company for three years.

The FSU says that workers are “rightly demanding that long service be better recognised” by Indeed, pointing to their contribution in the success of the company.

Gareth Murphy, the FSU’s Head of Industrial Relations and Campaigns, said that we “need to be vigilant to ensure this is a meaningful commitment by the company on a voluntary first approach to redundancy”.

Staff are also looking for Indeed to add a revenue approved retraining grant of €5,000 to the terms.

“Indeed needs to improve the redundancy terms particularly for long term staff and pay the retraining grant so that staff are better positioned for the job market post redundancy,” added Mr Murphy.

If you have been made redundant by Indeed or any other companies, speak with the National Redundancy Helpline for advice on how to best manage your finances in redundancy.