Chambers urges return of rebate for redundancy

Chambers Ireland has urged the Government to reverse the proposal to abolish the redundancy rebate for employers, saying the move will result in further wholesale job losses.

Currently, an employer who pays statutory redundancy payments to its employees, is entitled to a rebate of 15% of that payment from the State. Social Protection Minister Joan Burton yesterday announced that will be removed completely from next month.

That percentage had originally dropped from 60% to 15% last year.