Oireachtas Joint and Select Committees

Wednesday, 6 July 2022

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Pre-legislative Scrutiny of the Companies (Protection of Employees' Rights in Liquidations) Bill 2021: Discussion

Mr. Gerry Light:

In the vast majority of cases, that is the situation. One is faced with the liquidators, who very much operate in a black-and-white world and state that they have no responsibilities beyond their very limited remit. That is with what one is dealing.

With regard to the points the Deputy raised earlier in the context of concessions given, I make the point that the voluntary redundancy package that existed in Debenhams was part of an overall package. It evolved out of an examinership process five years prior to the closure of the company. Certain concessions were given by the workers and redundancy was offered on a voluntary basis. The company availed of those benefits for up to five years before it decided to just walk away from the Irish business.