Jaeger going into administration is a warning to know the law on consulting over collective redundancies in the event of employer insolvency. Ray Tang/REX/Shutterstock
Jaegers problems are the latest warning for employers to know their duties to staff in cases of employer insolvency. Chris Weaver offers legal advice.
Fashion chain Jaeger going into administration marks yet another high-street retailer finding itself in financial difficulties. So what then are the responsibilities of employers to their workforce when their business is facing insolvency?
Once a companys directors know, or ought to have realised, that there is no reasonable prospect of the company avoiding insolvency, they have a duty to minimise losses to cred…
Read the full article at: http://www.personneltoday.com/hr/employer-insolvency-what-lessons-are-there-from-jaegers-woes/
