Over the coming months, employers may see some challenges as they navigate economic uncertainty, supply issues, inflationary pressures and higher costs. Many businesses are already feeling an increasing financial burden, and most will want to undertake a review of their operating costs.
Regrettably, many will have to look at restructuring and redundancies may need to be considered to manage costs. Restructuring can be done in many ways but often it uses formal statutory frameworks, which can include insolvent or solvent processes.
Regardless of scale, employers contemplating redundancies must ensure they understand and follow the relevant legal framework, which can change depending on the restructuring avenue taken. The effective management of any organisational restructure, whether by redundancy or other means, can minimise legal costs and ensure smooth transition. This webinar will cover the thorny issues of potential redundancies and touch on the various insolvent and solvent processes most commonly encountered, with a focus on the potential legal pitfalls and how best to navigate these.
Employment Law specialist, Debbie Fellows, and Restructuring and Insolvency Partner, Pamela Muir, hosted a short webinar and Q&A to guide employers as they prepare to address the potential challenges ahead. As well as sharing legal guidance on these processes, Debbie and Pamela also shared practical tips that you can apply in your own organisation.
This webinar will cover:
- The redundancy process – the importance of getting it right!
- Common restructuring and insolvency regimes and their impact.
- Restructuring loves Jargon – An explainer of the most common.
- Tips for employers
If you have questions about these updates or any other employment law issues, please contact Jillian, Kerri or any member of the employment team on 03330 430350.
Broadcast: 17 November 2022. The content in this webinar, guidance and advice provided by the host, is correct at the time of broadcast. If you are watching a recording after the broadcast date please contact us for the most up to date guidance and advice on this topic.
