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Old 29-12-2014, 13:31   #62
Hugh
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Re: City Link goes bust

Quote:
Originally Posted by Taf View Post
It looks like it'll be the taxpayer who will be responsible for the redundancy payments under the statutory redundancy payments scheme.

http://www.bbc.co.uk/news/business-30621884
Actually, the NI Fund (where the statutory redundancy payments come from in cases of insolvency) is funded by employees and employers contributions.
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