Informing Employees about Insolvency – what employers need to know
Insolvency and Employees – communication and notifications to employees
Informing employees about insolvency
There are strict legal guidelines covering how employees are to be treated before, during and following an insolvency action, these include communication methods and protected TUPE transfer rights after a business sale.
At Lawson-West we have a large employment law team who can advise on the insolvency impact of any employee, and the correct procedure to follow. Every employee’s position is different based on the number of years they have been employed and their employee status, ie. full time or part time, temporary or permanent, bonuses to be paid, self-employed, holiday entitlements etc.
