I have been in my current Software Developer role for just over a year. The company is a small one- 7 employees in total, 5 full time & 2 part time.
Yesterday, the owner/ director asked to speak to me, and let me know that due to the situation with one of our clients, they're going to have to let me go.
That client is our oldest client, and they have recently been bought out by a much larger company- since the new controlling company already do all of the work that we do in house, our services are no longer required.
Since one of my colleagues left the company about 6 months ago, the vast majority of my work has been for this client who are now terminating their contract with us- hence why I'm being made redundant. We do have other clients, who I was mainly working for when I first joined, but that work has been taken on by someone who joined after me.
I have very much enjoyed my time at the company, get on well with everyone there, and find the work interesting, it's just unfortunate that they are no longer going to be able to keep me on. My boss (the owner/ director) did say yesterday, that if things were to change/ pick up in the future, he would be very happy to hire me back. So overall, working here has been a very positive experience.
My question is, should I ask for compensation for being let go? I don't know whether I am entitled to any, or whether it's appropriate, and nothing was mentioned in my meeting with my boss yesterday. My contract states that either party can terminate the contract by giving one month's written notice- which I received yesterday.
My understanding of redundancy is that usually, people receive some kind of compensation for it.
My contract is/ was a permanent one, so would that mean that I am entitled to some form of compensation (nothing is mentioned about compensation in the 'termination of contract' clause in the contract)? I don't want to burn any bridges by enquiring about it, as I would happily come back to work here again in the future, should circumstances allow, so probably best not to enquire? Just wondering whether it's something worth doing, as I have not been in this position before...