The Ethics of Corporate Liquidation Practices**. -

This topic has 1 reply, 1 voice, and was last updated 1 year, 2 months ago by Anon.

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December 15, 2024 at 2:51 pm #1514 Reply
Anon
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Liquidation by employer to evade responsibilities to staff!

Is it ethical for companies to exploit liquidation processes to evade their responsibilities to employees? Given that your former employer appears to have sold their assets while ignoring your rightful claims, what accountability measures should be put in place to protect workers from such tactics? How can you advocate for transparency and fairness in these situations?”,
“refusal
- This topic was modified 1 year, 2 months ago by roger@labourprotect.co.za.
- This topic was modified 1 year, 2 months ago by roger@labourprotect.co.za.
December 17, 2024 at 11:44 am #1519 Reply

Anon
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It’s generally considered unethical (or though not unlawful) for companies to prioritize asset liquidation over the welfare of their employees. Employees often rely on their jobs for financial stability, and when companies sidestep their obligations, it can have devastating effects on workers’ lives!

Employers however do have a right to retrench in terms of S189 of the Labour Relations Act which allows employers some personal protection if things do not turn out right for the organisation. See a lawyer if you are worried that your organisation is not acting lawfully.

LP
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