Dáil debates

Wednesday, 28 February 2024

Employment (Collective Redundancies and Miscellaneous Provisions) and Companies (Amendment) Bill 2023: Report and Final Stages

 

3:35 pm

Photo of Neale RichmondNeale Richmond (Dublin Rathdown, Fine Gael) | Oireachtas source

I will come back to the Deputy directly on that within the next hour, if that is okay. I do not have that information to hand, as he can appreciate.

The amendment may also incentivise employers and employees to have enhanced collective agreements ahead of insolvency situations in the knowledge that they will be funded from the sale of assets and-or State funding via the Social Insurance Fund. Again, while I appreciate the intention behind the amendment, it would have far-reaching implications and potentially significant unintended consequences if enacted. Any change to the carefully balanced order of distribution in a liquidation would require in-depth examination and is not a decision to be taken without due consideration. Unfortunately, I will be unable to accept this amendment.

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