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Workers must be given access to Insolvency Payment Scheme in event of informal insolvency – Peadar Tóibín TD

11 June, 2014 - by Peadar Tóibín TD


Sinn Féin’s Peadar Tóibín TD has welcomed the decision of the Revenue Commissioners to wind down the Paris Bakery in Dublin but has warned that until government deals with informal insolvencies through regulations or legislation workers will continue to be left high and dry.

 The Sinn Féin Jobs Spokesperson said:

 “Yesterday’s decision by Revenue to step in and wind down the Paris Bakery is great news for the company’s former employees who will now be able to access the insolvency fund.

 “It is a scandal that in the 21st century workers are left with no option but to engage in sit-ins when left high and dry by rouge employers.

 “Revenue’s decision to wind down the company is welcome but the root of the problem remains as there are neither regulations nor legislation are in place to deal with informal insolvencies.

“Commitments in recent days by the Minister for Social Protection to review the Insolvency Payment Scheme and to consider what can be done to progress payments to workers in the event of informal insolvencies is a step in the right direction.

 “That said this is not a new problem and the Minister knows full well that a change to primary or secondary legislation is required to allow the Minister the power to deem a company insolvent where an employer has ceased trading and payments to workers have in effect stopped on a permanent basis.

“Sinn Féin commends the Paris Bakery workers for the stand they have taken over the last 19 days and calls on government to consider the party’s legislative proposals to allow workers access the Insolvency Payments Scheme in the event of an informal insolvency.”

ENDS

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