Employers body IBEC is urging the Government not to rush into drafting new laws to avert a situation like what happened in Clerys.

460 workers were left with the statutory minimum redundancy payments when the company went into liquidation last year, while valuable assets were split off by the purchaser.

Juliette Gash reports;
The Irish Congress of Trade Unions says IBEC's claim that no change in law is required to prevent another Clerys from happening is misleading and irresponsible.

ICTU says it's already contacted the new Jobs Minister to recommend that the changes suggested by a review group that looked into the Clerys debacle are fully implemented.

The State had to make redundancy payments to 460 former Clerys workers, after the company's new buyer went into liquidation.

Employers group IBEC say there are existing provisions in company law that could have been used to go after Clerys owners.

Head of employment law services with IBEC is Rhona Murphy;