8th May 2023 |
This document outlines the heads of the General Scheme of Plan of Action on Collective Redundancies following Insolvency Bill 2023. The General Scheme is accompanied by a Regulatory Impact Analysis.
The Plan of Action on Collective Redundancies following Insolvency Bill 2023 will further enhance the protection of employees in a collective redundancy in a way that does not unduly impede enterprises in the conduct of their business. The Bill will deliver on important Programme for Government commitments and serves to implement the remaining commitments in the Plan of Action – Collective Redundancies following Insolvency.
The Bill will amend the Protection of Employment Act 1977, which governs collective redundancy rules. These amendments will enhance transparency for employees of employers who become insolvent and will expand the avenues of redress available to all employees in a collective redundancy scenario should their employer fail to comply with these rules.
The Bill will also provide for the establishment of a new statutory Employment Law Review Group which will advise the Minister on all aspects of employment and redundancy law. This will provide a valuable resource to conduct an ongoing assessment of employment law to ensure that it is fit for purpose.
The Bill will also amend the Companies Act 2014 to improve the quality and circulation of information to workers as creditors and ensure remedies for transactional avoidance are more accessible to creditors.
Workplace and Skills, Company Law