| Comment | Redundancy is definitely the better option on paper but in reality if everyone went down that route, the business would just fold and it'd be hard to recover enough money from the insolvency to even pay out to employees.
Unfortunately I'm not sure what staff can do in response to this. If the company actually takes some action against them now and makes them redundant they could sue for unfair dismissal but they'd need to hope they were the only ones doing it, else the business would fold and there'd be no money to pay out.
If the owner actually cared about staff, he'd enter a CVA and find a buyer for the business from insolvency. He'd lose out, but the new buyer could pay to keep on staff until things clear up. |
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