‘Clerys Like’ Closures Coming to a Store Near You – Crowe<\/p>\n
Dublin South West Sinn F\u00e9in TD\u00a0 Se\u00e1n Crowe speaking on the anniversary of the closure Dublin\u2019s iconic clothing store Clery\u2019s\u00a0 has said that there is every chance that with no new proactive legislation for vulnerable workers that more \u2018Clery like\u2019 closures are likely to be coming to a store near you.<\/p>\n
The overnight closure of the Dublin department store saw 460 people lose their jobs without redundancies while the owners walked away with profits of up to \u20ac15 million euro.<\/p>\n
Deputy Crowe said that Sinn F\u00e9in will be introducing legislation this week which seeks to include a provision to close the current loophole and deal with similar so-called \u2018tactical insolvencies\u2019.<\/p>\n
Deputy Se\u00e1n Crowe said:<\/p>\n
“This is the first Anniversary of the closure of Clerys and the shocking way in which the iconic Dublin store was liquidated.\u00a0 The Gordon Brothers Group essentially split the company in two parts allowing the company directors avoid any legal responsibility to the 460 loyal staff (some who had worked for decades) and\u00a0 walk away with a handsome, \u20ac15 million profit.<\/p>\n
“This week my party Sinn F\u00e9in, will introduce legislation that seeks to insert a new provision in the Companies Act 2014 in order to try and deal with so called \u2018tactical insolvencies\u2019 that leave many employees without the basic or minimum\u00a0 redundancy package.<\/p>\n
“Sinn F\u00e9in\u2019s legislation hopes to bridge the gap where assets and the rights of employees are legally allowed to be overlooked and in many such cases, simply ignored.<\/p>\n
“This appears to have happened in the case of the Clery\u2019s with their employees being left high and dry while the company\u00a0 walked away and pocketed millions.<\/p>\n
“Our legislation attempts to hold unscrupulous business owners to account and at the same time protect vulnerable workers. Currently the system in effect allows the separation or\u00a0 legal \u2018personality\u2019 of a company away from its Director\u2019s, protecting them from\u00a0 any liability of their business\u2019s obligations to its employees in cases of tactical insolvency.<\/p>\n
“There is no denying that Gordon Brothers walked away from the Clerys sale with multi millions of euro in profits that left Irish taxpayers with the added responsibility to pay holiday money and redundancies to these workers.<\/p>\n
“The company also walked away from a whopping \u20ac2 million that they supposedly owed to the concession holders in the store.<\/p>\n
“The new legislation hopes to close the current loophole and prevent other rogue employers from engaging in tactical insolvencies with the sole purpose of avoiding legal responsibilities to their creditors and employees.<\/p>\n
“I believe that without new and proactive legislation there is every chance that more and more of these \u2018Clery like\u2019 closures are coming to a store near you.”<\/p>\n","protected":false},"excerpt":{"rendered":"
‘Clerys Like’ Closures Coming to a Store Near You – Crowe Dublin South West Sinn F\u00e9in TD\u00a0 Se\u00e1n Crowe speaking on the anniversary of the closure Dublin\u2019s iconic clothing store Clery\u2019s\u00a0 has said that there is every chance that with no new proactive legislation for vulnerable workers that more \u2018Clery like\u2019 closures are likely to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2627","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/posts\/2627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/comments?post=2627"}],"version-history":[{"count":1,"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/posts\/2627\/revisions"}],"predecessor-version":[{"id":2628,"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/posts\/2627\/revisions\/2628"}],"wp:attachment":[{"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/media?parent=2627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/categories?post=2627"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/tags?post=2627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}