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Employment lawRedundancy

Retirement instead of redundancy

by Personnel Today 6 Mar 2009
by Personnel Today 6 Mar 2009

One of the hardest jobs any HR Manager has to deal with is telling employees that their job has been made redundant and the company can no longer keep them.

During these difficult times this will become a regular task for many HR Managers and even the most hardened ones will never find it an easy or enjoyable thing to have to do, especially with some of the older and longer serving employees who have given many years good service to their companies. And sadly many of these are going to find it extremely difficult to find new jobs especially if they are over 50.

Now for those in their more mature years redundancy need no longer be a problem but could be the opportunity to take an early and affordable retirement.

One Turkish company – Eksioglu Group originally from Istanbul and now working on the Mediterranean coast of Turkey – will develop and build a retirement lifestyle village of 474 bungalows, which will allow people of 50+ to take early retirement and enjoy the rest of their lives in relative comfort and free from financial worries.

The village will be located near the seaside town of Belek, which is also the golf capital of Turkey. Antalya Airport is only 30 minutes away from where there are regular and almost daily flights direct to the UK.

The village will be a walled and gated community with 24 hours security and every property will have direct access on to a garden and be within a short walk of one of the eleven pools. As well as a concierge service, convenience store, two on-site restaurants and hairdressers the residents will also have the use of a community centre, gym, tennis courts, bowling green and indoor pool.

Within 10 minutes drive there is a private hospital with full A& E facilities and a doctor will be on call 24 hours to visit residents if required.

In the nearby city of Antalya, and for those so inclined, one can find Marks & Spencer, Tesco and B&Q, to name some of the best known shops.

The Eksioglu Group has identified a number of ways to make this possible with many different financing options for affording retirement from age 50 onwards.  A British representative of the company will be happy to speak with anyone wanting more information but stresses the company will not become involved with the financial affairs of individuals. For peace of mind they would rather recommend everyone to seek professional advice before making a decision.

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Also as part of their commitment to offering people a safe and secure purchase the company will work closely with a UK plc who have long experience in setting up and running property Trusts.

The company is also very interested in speaking with HR professionals to explain how they may now be able to comfortably offer early retirement as an option to compulsory redundancy.

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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