Sinn Féin Bill holds small numbers of unscrupulous employers to account – Tóibín
Sinn Féin’s Jobs Spokesperson Peadar Tóibín introduced legislation today which provides for a piercing of the corporate veil holding unscrupulous employers to account and protecting vulnerable workers.
The Meath West TD said:
“Under existing company law the ‘corporate veil’ in effect separates the legal ‘personality’ of a company from its Director’s and as a result protects them from any liability of the business’s obligations to its employees.”
“Today I have introduced legislation that has an eye to the small number of rogue employers’ who shirk their responsibilities by establishing a number of companies to break the link between the assets of their business and the actual company the workers are employed by.”
“Over the last number of years, there have been a number of high profile company closures where workers have had to resort to sit-ins for months and months or strike action in an effort to claw back unpaid wages, access to redundancy and other basic entitlements.”
“Deficiencies in existing company and insolvency law have been repeatedly raised with the Jobs Minister and the Minister for Social Protection, yet no action has been taken. In fact both Ministers refer to the existing laws as if they were an immovable feast.”
“Employers who adversely use the protection of the corporate veil principle undermine the vast majority of decent employers who uphold their responsibilities to their staff, and they are adding a cost to the state’s already overburdened Industrial Relations mechanisms.”