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

Photo of Ollie CroweOllie Crowe (Fianna Fail) | Oireachtas source

I thank our guests this morning. One of my main concerns regarding this proposal is the potential knock-on impact on SMEs. If a company with an SME as a significant creditor were to go insolvent, this proposal with employees being ahead of such an SME could cause more job losses and potentially even result in the SME failing. Could Mr. Hurley perhaps advise whether scenarios such as this have arisen in other European countries where employees have this preferential status?

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