Insolvency and Termination of Contracts of EmploymentPosted in : Weekly Review of Developments on 29 September 2010
With the public spending cuts due to be announced on 20 October and reports of the Republic Ireland once again going into recession, many NI businesses will be contemplating redundancies and might well be in danger of becoming insolvent. We asked the Corporate Legal Services department of PwC to set out the law in relation to the various forms of insolvency and the impact they might have on employment status.
In an insolvency situation, much confusion surrounds the continuing employment of the Company’s employees. Whether their jobs will be affected by the Company’s insolvency depends on the type of insolvency process.
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This article is correct at 06/08/2015
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