Common use of Redundancy Arrangements Clause in Contracts

Redundancy Arrangements. The Association of Employers in Merchant Shipping recommends that in cases of their companies’ liquidation or downsizing, or in case of mergers and/or reorganisations, their member shipping companies draw up redundancy agreements together with the trade unions. In said agreements, the following factors should be taken into consideration: a. seafarers’ age, i.e. whether they are over or under age 55; b. length of service; c amount of benefits due;