In this issue
SFA Annual Subscription
Absenteeism Due to Inclement Weather Conditions
Entrepreneurship Forum Report Published
EU Access to Finance Day – Conference Material
Inability to Pay Redundancy Payment
New Completion Date for Migration to SEPA Announced
Examinership ‘Lite’ – A positive option for insolvent SME Companies
Change to Rates Legislation
New DSP Provisions to ease Transition into Retirement
Eye Tests – How often are Employers Obliged to Pay for them?
Events
SFA Webinar Series – Redundancy and Alternatives
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DSP Employer Briefings on Access to Financial Support
The Minister for Social Protection, Joan Burton, TD, will be hosting a series of employer briefings at a number of locations around the country between...
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Building Financial Capabilities in SMEs Programme
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Taking Care of Business
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Useful links
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Inability to Pay Redundancy Payment
 

Where an employer can prove to the satisfaction of the Department of Social Protection that it is unable to pay the statutory redundancy to its employees, and if it were to pay it, the outcome would mean the loss of more jobs from the company.  In order to rescue more jobs the Department has agreed to make lump sum payments directly to the employees who have been chosen for redundancy and they then will seek to recover the debt from the employer by invoicing them.  In order to be approved for this the company must prove inability to pay and the employer must submit documentary evidence to confirm that this is the position that the company is in.

For further information on this and other information on redundancy please click here.