SFA Chairman calls for reversal of redundancy rebates cut

The Chairman of the Small Firms Association Ian Martin criticised the Government recently for reducing employers’ redundancy rebates from 60 per cent to 15 per cent and called for a reverse of this decision in Budget 2013.

“Take the case of an employee with 20 years’ service who’s elilbigle for the maximum €600 per week, making his overall redundancy payment €24,600. Under the new rules, the company will now need to find an additional   €11,700,” he told the recent SFA conference in the Clyde Court Hotel, Ballsbridge in Dublin recently.