Tuesday 6 June 2006

Notification of Redundancy Bill

The Notification of Redundancy Bill 2006, has been introduced as a private members Bill in the House of Commons.

If passed (which is unlikely), it will become a criminal offence for an administrator of an insolvent company to issue notices of redundancy to the workforce, without having first consulted with the employees about the management of the company's affairs, and subsequently waited for at least one month.

Not a very sensible contribution to the 'business rescue' culture!

Notification of Redundancy Bill 2006

No comments: