Monday, February 02, 2015

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[IWS] Dublin Foundation: STATUTORY REGULATIONS ON SEVERANCE PAY IN EUROPE (INFO SHEET) [2 February 2015]

IWS Documented News Service

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Institute for Workplace Studies-----------------Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor--------------------Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

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This service is supported, in part, by donations. Please consider making a donation by following the instructions at http://www.ilr.cornell.edu/iws/news-bureau/support.html

 

European Foundation for the Improvement of Living and Working Conditions (Dublin Foundation)

 

STATUTORY REGULATIONS ON SEVERANCE PAY IN EUROPE (INFO SHEET) [2 February 2015]

http://www.eurofound.europa.eu/publications/information-sheet/2015/working-conditions-labour-market/statutory-regulations-on-severance-pay-in-europe-info-sheet-0

or

http://eurofound.europa.eu/sites/default/files/ef_publication/field_ef_document/ef1474en_0.pdf

[full-text, 2 pages]

 

The regulation of severance pay, that is the statutory benefits an employee receives from their employer to compensate for loss of income due to the termination of the employment, is left to the discretion of the Member States. The main characteristics of the legal entitlements employees have when leaving their job are summarised in the European Restructuring Monitor database on restructuring related-legislation. However, the database cannot provide a full picture as severance pay is not legally regulated in all countries (for example, Finland and Sweden). Even in those countries where a legal baseline exists, collective or company agreements and individual contracts may result in different provisions that cannot be captured by the database.

 

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