Would be nice to know what the original pay-off package was; not just the lump sum, but also any other benefits (retraining aid, pension contributions, etc).
As a historically socialist country I would have thought that any redundancies would be well regulated by the government to ensure healthy pay out, unless there have been recent changes?
With regards to the 52k demand they are really having a laugh; as I've mentioned before, they are asking for more than what asset value is worth - send in the special ops or let them blow themselves up and then claim on insurance!