§ Mr. Ralph Howellasked the Secretary of State for Industry what were the total amounts of redundancy payment made by British Steel in 1978-1979 and 1980, stating the lowest payment and the highest payment in each year.
§ Mr. MacGregorThe total of redundancy payments, including ex-gratia payments, made by the BSC in 1978–79 was approximately £35 million and in 1979–80 approximately £69 million. These figures exclude that part of the statutory redundancy payments which was recovered from the redundancy fund.
Precise details of individual payments are not readily available; some short-service employees received no redundancy payment, but the lowest payment would be one week's pay. The highest paid production worker at age 60 with over 20 years service would have received approximately £18,000, but very few payments were made at this level.