This post relates to my previous post titled - Unable to pay Redundancy.
I received a reply but I would appreciate some further clarification from anyone.
The situation is that I have no choice but to make an employee redundant. I would like to know what is the procedure when a company, as it is in this case, has no funds to pay the redundancy due.
I assume the following -
Employer states inability to pay on documentation submitted.
Employee claims FULL redundancy amount from Department of Enterprise & Trade.
Department of Enterprise & Trade confirm from audited accounts and company's accountant company's inability to pay.
Department of Enterprise & Trade pay out full redundancy to employee from SIF and claim back from employer 85% of this amount.
My question is what is the method used by the Dept. in claiming this back. Is it possible to negotiate with the Department of Enterprise & Trade to come to an agreed "settlement" for less?
I hope that someone has had experience with this and can shed some light on it for me.
Many Thanks
I received a reply but I would appreciate some further clarification from anyone.
The situation is that I have no choice but to make an employee redundant. I would like to know what is the procedure when a company, as it is in this case, has no funds to pay the redundancy due.
I assume the following -
Employer states inability to pay on documentation submitted.
Employee claims FULL redundancy amount from Department of Enterprise & Trade.
Department of Enterprise & Trade confirm from audited accounts and company's accountant company's inability to pay.
Department of Enterprise & Trade pay out full redundancy to employee from SIF and claim back from employer 85% of this amount.
My question is what is the method used by the Dept. in claiming this back. Is it possible to negotiate with the Department of Enterprise & Trade to come to an agreed "settlement" for less?
I hope that someone has had experience with this and can shed some light on it for me.
Many Thanks