Louise O'Reilly (Dublin Fingal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

We are going to have to do a bit of work on that. Will issues around succession planning, liquidation, administration and the sale of companies be dealt with? In 2014, the French Government introduced measures to facilitate workers requesting a buy-out as part of their succession planning through a workers' co-operative buy-out model. Is it intended that we will have anything similar? From talking to business owners, I know that one of the big challenges they face is succession planning. Is there scope within the legislation to take the co-operative through to its next phase, which could be a worker buy-out or could be some form of succession? There can be issues there in that a lot of businesses fear that they may have to wind up because they do not have sufficient scope to do succession planning and they do not have anyone to take over.