Ok, so I have been working for my company for a while. The contract was negotiated overseas and I am here on secondment. Recently the company decided to convert all foreign contracts to local ones. The new contract was inferior and I rejected it. So my question
1) Does this call for a resignation from me since I dont accept the new offer OR will the company terminate my employment since they can no longer offer the agreed contract and they unilaterally decided to amend the terms?
2) Which one would be better? Will termination in this situation equate to redundancy and hence entitle me to redundancy payments?