Oireachtas Joint and Select Committees

Wednesday, 31 May 2023

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

General Scheme of the Plan of Action on Collective Redundancies following Insolvency Bill 2023: Discussion

Ms Fiona O'Dea:

The Senator will be delighted to hear that we implemented that recommendation from ICTU's minority report and the CLRG’s March 2021 report. It was included in the Companies (Rescue Process for Small and Micro Companies) Act 2021. It provided for minimum representation of one worker representative on the committee of inspection. I understand these committees of inspection are quite frequently used. In that legislation, we provided that an obligation be placed on the liquidator or the director to let the workers and creditors know that they can form a committee of inspection that can have oversight of the liquidation process and protect their interests. I believe it is quite a frequent occurrence. That was implemented in 2021.

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