Dáil debates

Wednesday, 7 July 2021

Companies (Rescue Process for Small and Micro Companies) Bill 2021: Committee and Remaining Stages

 

6:57 pm

Photo of Louise O'ReillyLouise O'Reilly (Dublin Fingal, Sinn Fein) | Oireachtas source

I asked the Minister of State to confirm that the rescue plan cannot include a reduction of the workforce without its agreement. His answer is that it can and that is disappointing. The description of how redundancies work is welcome but that is probably known to most of the Deputies who are here. The purpose of my amendment is to ensure the rescue plan cannot result in a reduction in the number of employees or lead to compulsory rather than voluntary redundancies. If the Minister of State had been in a position to confirm that the rescue plan cannot include a reduction in the workforce, which he is clearly not in a position to do, I am unable to withdraw the amendment.

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