Insolvency of the Employer
Insolvency of the Employer : EU Directive 80/987/EEC, amended by Directive 2002/47/EC, will guarantee payment of outstanding claims to employees in the event of insolvency of their employer. The Directive applies to employees' claims arising from contracts of employment or work relations and existing against employers who are in a state of insolvency within the meaning of the Directive. It does not prejudice national law as regards the definition of the terms "employee", "employer", "pay", "right conferring immediate entitlement" and "right conferring prospective entitlement". Member States may, by way of exception, exclude claims by certain categories of employee. See: Directive 80/987/EC of 20 October 1980, on the approximation of the laws of the Member States relating to the protection of employees in the event of the insolvency of their employer; amended by Directive 2002/47/EC of 23 September 2002. See: Guarantee institutions (employer's insolvency); Insolvency (state of); Protection of workers' claims (employer's insolvency)
No records Found