Part One: Individual employment relations

The redundancy payment provided for in article L. 1234-9 may not be less than a sum calculated per year of service in the company and taking into account the months of service completed beyond the full years. In the event of an incomplete year, the compensation is calculated in proportion to the number of full months.

Redundancy pay may not be less than the following amounts: 1° One quarter of a month’s salary per year of seniority for years up to ten years; 2° One third of a month’s salary per year of seniority for ten years or more.

The salary to be taken into consideration for the calculation of the redundancy payment is, according to the formula that is most advantageous for the employee:1° Either the monthly average of the last twelve months preceding the redundancy, or where the employee’s length of service is less than twelve months, the monthly average of the remuneration for all the months preceding the redundancy;2° Or one third of the last three…

The redundancy payment cannot be combined with any other payment of the same nature.