Re: What redundancy?
I was lucky getting laid off in 2007 after 6.5 years with IBM. At that time, the policy was a week's pay for each 6 months, so that was 13 weeks' pay, plus unused vacation (a fair amount of my 4 weeks per year as it was in May before I had used much). From what I read about ensuing layoffs, it was less with each round.
I also had to "train" my replacements during my last month in order to get the payout, but that was a joke as I was trying to teach some Brazilian WebLogic guys how to support the Oracle Application Server (OAS) instances that I installed from scratch. Between their heavy accents and the constant buzz of Skype phones they used, and my impaired hearing, that was a joke.
The main (US-based) customer I supported got so fed up with "communication problems", that they insisted the support be brought back to the US, so the guy I mentored in NYC took over. That was about 2 years after I left, and I was getting settled back in with my employer prior to the IBM to support OAS. That outfit, being a UK-based company (I worked for US subsidiary), was much more kindly disposed to all the people it also was laying off over the years, to the extent that when my probable "turn" came a few years ago, I was able to volunteer the year I turned 65, so I got a big layoff package based on 18 years of service (before + after IBM) to go with the start of Social Security, and 8 months of medical insurance (kind of complicated the switch to Medicare the next year, but worked out OK, and I still get a med reimbursement allowance throughout retirement). No way I would have done so well at Big Blue.
However, it's no wonder the UK company's stock is pretty stagnant...