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Settlement agreements, also known as compromise agreements, play a crucial role in resolving disputes between employers and employees. They are legally binding documents that outline the terms under which an employee will leave their job and potentially receive a financial settlement. But do you need a lawyer when navigating the intricacies of a settlement agreement?

A settlement agreement is a type of legal contract that helps to resolve disputes among parties by coming to a mutual agreement on the terms. If you have been affected, or are likely to be affected, by the recent news about OVO, and you expect your employment contract to come to an end, then you may be asked to sign a Settlement Agreement. OVO Energy, one of Perth's largest employers, is expected to cut a quarter of its staff as it struggles with soaring energy prices and taking on new customers from a rival supplier. The company told staff last week that around 1,700 people would lose their jobs.

The recent news that hundreds of jobs are to be shed as OVO undertakes a massive restructuring programme will come as a major disappointment to many employees working at the Perth energy company. SSE and OVO are one of Perth's largest employers, and the restructure will see OVO (who bought the SSE retail division two years ago) close its office at Grampian House on Dunkeld Road. If you are an OVO employee in Perth and are concerned about a voluntary redundancy offer, the below information may answer some questions that you have. Our team are available to discuss your situation with you, and you can get in contact with us for advice on your specific circumstances.

It seems a long time since employers were first introduced to the concept of the furlough scheme (or to give it its proper title, The Coronavirus Job Retention Scheme) back on 23rd March. It is almost taken for granted now that the government shall provide such considerable support to both employers and employees – but back when it was first announced it was unprecedented in modern times.