Glad I took the package when I did !
.. of course, bound by the legal red tape I can't possibly discuss the terms of my separation, but I think I came off better. And it was a separation agreement, not a redundancy, so I wasn't eligible to claim on redundancy insurance.
Earlier in my career, I was told my hardware design job had moved to Scotland, and I had to remind them at that time that I was owed either a replacement job within walking distance of my current workplace, or they should offer me redundancy.
I was sent to an interview with a slightly grumpy software manager, who told me that his understanding was that he had no choice but to offer me a job, and I had no choice but to accept it. Was that my understanding?
Lovely place to be from. Looks good on the CV - except when interviewing with one of the other major IT services companies, who may turn you down, as they did me for not being 'culturally compatible' with their company.