Just looking for abit of advise from anyone in the know , Basically and ill try an keep this breif the company ive worked for for 11 years is rapidly going down the pan , Now my options are to move with the company as they are looking to fold the company including all its depts an start a fresh company doing the same thing but it would be working for alot less $ than i am currently on which wasnt alot in the 1st place... Or Leave / quit as my original job has been made redundant... I myself just want to take the redundancy money and leave which my boss says is not an option ?? He says i either quit or move over to the new company... By law does he not have to pay me redundancy if he is closing the original company that i work for ?

Any help would be greatfull as im suppose to be giving him an answer what i want to do...