Oireachtas Joint and Select Committees

Wednesday, 1 February 2023

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Companies (Protection of Employees’ Rights in Liquidations) Bill 2021: Discussion

Mr. John Hurley:

It shows what is possible. Things tend to vary from country to country. That is also reflected in the actual public budget available to cover these particular costs, which is very significant. Across Europe, we are talking about figures of tens of billions of euro per year. In Ireland, it is approximately €30 million. If we do a simple per capitacalculation, in some countries and notably in France, the entitlements seem to be higher than in many other countries. That is probably based on the fact that the scope of the guarantee covers lots of extra remuneration elements compared to some other countries.

Comments

No comments

Log in or join to post a public comment.