What do employees need to know if offered redundancy?

Currently, unemployment is sitting at 4.6 percent or 143,000 people out of work. Treasury forecast have it rising to 5.3 percent by this years end. Today, the Alliance Group confirmed it's shutting down it's meat processing plant in Timaru; that's 600 jobs gone. Earlier this month Winstone pulp closed two sites in the Ruapehu district with 230 losing their jobs and this week Kiwirail said it would offer all staff voluntary redundancy. How does that work and what do employees need to know if they've been offered redundancy? Money correspondent Susan Edmunds spoke to Lisa Owen.