Monday, February 02, 2015
Tweet[IWS] Dublin Foundation: STATUTORY REGULATIONS ON SEVERANCE PAY IN EUROPE (INFO SHEET) [2 February 2015]
IWS Documented News Service
_______________________________
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
________________________________________________________________________
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]
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.
________________________________________________________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
