Ian Guider: Return of redundancy payments will give clarity on zombie companies

This is an important move not only for restoring workers’ rights but also for what it may show about the scale of long-term damage to businesses and employment caused by the pandemic

26th September, 2021
Ian Guider: Return of redundancy payments will give clarity on zombie companies
‘The triggering of redundancy rights may well tip over companies that were just about clinging on. It will be painful for those involved.’ Picture: Getty

The vast bulk of coronavirus restrictions have now been lifted, with more to come in October. Normality will also hopefully return soon to those workers who have been in suspended animation since the pandemic began, not knowing whether their job would exist or not after it was over.

Along with all of the financial supports for companies and employees announced in the months following March 2020, the government also suspended a key piece of employment...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Apple taxes in escrow account losing tens of millions a year

Is this the calm before the great insolvency storm?

Financier Kenny boosts wealth by more than €30 million

The changing international tax landscape: implications for Ireland