Can my company terminate me for redudancy then post the same on a website for jobs?

They terminated my contract with the normal notice below is the statement

Dear R.,

I am writing further to our meeting today.

As discussed at that meeting, Oracle is undertaking a restructuring exercise across its global operations.

Unfortunately, that exercise will have an impact on Oracle UAE and, in particular, on the Customer Success Services Technical Account Managers Team.

As a result, it is possible that Oracle Systems Limited may need to reduce the size of its workforce.

However, before reaching the stage of having to make dismissals, we are considering all alternatives to redundancy.

One such alternative is to explore whether there are employees within the affected areas of the business who would be prepared to leave Oracle by mutual consent with an enhanced exit package.

With the above in mind, I enclose a settlement agreement that sets out the terms of a mutually agreed exit should you wish to accept it.

Under the terms of the settlement agreement, you will receive all your contractual and legal entitlements, including arrears of pay, pay in lieu of accrued but untaken holiday, and your end-of-service gratuity.

However, in addition to these sums, you would also receive an enhanced ex-gratia severance payment equivalent to 4 months’ pay and will be entitled to an additional 15 days’ pay to account for consultation during your notice period.

Should you wish to accept this offer, please sign and return the enclosed settlement agreement by 5 pm on 19 April 2024.

If you have not returned the signed agreement by then the offer will lapse.

I must stress that you are under no obligation to sign the enclosed settlement agreement.

However, should you decide not to do so and your employment is later terminated as part of the proposed restructure, you will not be entitled to the enhanced severance pay currently being offered under the settlement agreement nor the payment of 15 days’ pay to account for consultation.

It doesn't make a difference. You were entitled to compensation according to the old law.

The current labor law does not compensate the employee if they are terminated without a valid reason.

This means that the companies can terminate anyone with a cause that doesn't exist.

Yes, they can.

Even under the old law, they could do that, but the employee had the right to request compensation of three months' salary.

Yes, I have an email that the termination is due to workforce reductions and I have been with them for the past 7 years.

How long ago did you leave work and did you receive your benefits or not?

The last day was 30 May I received the end of service.