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An update at Companies House from administrator EY revealed that 1,650 out of ISG’s total former workforce of 2,400 have launched Protective Award claims.
Under the claims an an Employment Tribunal awards compensation to employees when their employer fails in its legal duty to consult collectively about proposed redundancies.
The maximum award if your former employer is insolvent is £5,600 leaving the government’s Redundancy Payment Service facing a potential bill of more than £9m.