Donate SIGN UP

Can the government guarantee my pay?

Avatar Image
Chasingcars | 16:14 Wed 22nd Oct 2008 | Jobs & Education
1 Answers
Just found out our company has gone into administration. There are high hopes that the company will be bought in which case we all keep our jobs.
Worse case and we go into liquidation, we have been told that the government would gurantee any salary owing.
However can anyone advise if that includes redudency pay we should also get or is just the basic minimum of salary to the end of that current month/ notice period?

Thanks
Gravatar

Answers

Only 1 answerrss feed

Best Answer

No best answer has yet been selected by Chasingcars. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
You will definitely get the redundancy payment from the Government. You MAY get the back pay from the Government - it depends whether the administrator can pay you wages from funds freed as part of the administration process.
This area is dealt with by these people, on behalf of the Government.
http://www.insolvency.gov.uk/guidanceleaflets/ redundancypayments/guideforemployees/guidefore mployees.htm
Suggest you call them.

Only 1 answerrss feed

Do you know the answer?

Can the government guarantee my pay?

Answer Question >>