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

Ms Maeve McElwee:

I thank the Deputy for the question. I do not see any situation in which we could ever prevent other businesses becoming insolvent, other redundancies arising and people having to avail of their statutory entitlements either through the liquidator or potentially through the Social Insurance Fund. That is not something we could ever prevent. Unfortunately, it will be the case that there will be other redundancies and insolvencies. That is always a very challenging situation. That is why we have legislation that makes provision for statutory redundancy and why we have the Social Insurance Fund to make sure that where somebody or a business is insolvent-----