Are employees entitled to redundancy if go into recievership?

1 answer

Answer

1229467

2026-03-17 16:55

+ Follow

When a company goes into receivership, employees may not automatically be entitled to redundancy pay, as their rights depend on the specific circumstances and local laws. In many jurisdictions, employees may be eligible for redundancy payments if their roles are made redundant as part of the receivership process. However, the priority for any remaining funds often goes to secured creditors, which can affect the availability of redundancy payments. It's essential for employees to consult legal advice or their local labor authority for guidance based on their specific situation.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.