Seán Sherlock (Cork East, Labour) | Oireachtas source

The Deputy has not said anything with which I would disagree, in principle. There is no question about the importance of the protection of employees. However, the corpus of law that would deal with that issue effectively is employment rather than company law. We have a very enhanced labour relations structure in this country. We also have an insolvency fund which is run by the Department of Social Protection. It is on that basis that we will not support the Deputy's amendments. We do not propose to incorporate the spirit of those amendments, as articulated by the Deputy, into company law because we feel that protections for employees already exist within employment law. Therefore, as I have already stated, we will not be accepting the amendments.

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