Oireachtas Joint and Select Committees

Wednesday, 23 October 2024

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

General Scheme of the Protection of Employees (Employers’ Insolvency) (Amendment) Bill 2024

9:30 am

Ms Dara Breathnach:

It absolutely is. We will be echoing the cap. As the Deputy is aware, the statutory cap applies both in relation to redundancy payments and to those insolvency payments.

We are retaining a ministerial power to change that cap by order. That will always be kept in mind.