Oireachtas Joint and Select Committees

Wednesday, 4 November 2020

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Duffy Cahill Report: Discussion

Ms Nessa Cahill:

There was a specific question on whether the intention of the proposals was to make workers preferential creditors. The Companies Act already does that. Section 621 of the Act enshrines the preferential treatment of employees. We do not have a proposal in the report that intends to alter that. We note that in the event that there are enhanced entitlements under statute to workers, they would then also be entitled to the priority given to workers under the Act, but we do not propose to alter the order of preferential treatment in the Act.