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ARTICLE · 10 OCTOBER 2023

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Mass Redundancies In Insolvency Scenarios

Rimôn Falkenfort
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Dismissals due to plant closure may remain effective even if the plant is sold later – the importance of a list of impacted employees ("Namensliste").

GermanyEmployment and HR
Michael Magotsch
Michael Magotsch
Oliver Otto
Oliver Otto

Dismissals due to plant closure may remain effective even if the plant is sold later – the importance of a list of impacted employees ("Namensliste").

The Corona pandemic and the war in Ukraine continue to hurl many industries around the world into daily crisis scenarios. Employers are struggling to stay in business and to literally survive, despite intensive programs aimed at preventing mass redundancies and plant shutdowns.

Facilitating access to short-time work (Magotsch/Otto, Webinar: German State Aid – Will Mass Insolvency Be Next?, 12 October 2022, mondaq.com ; Magotsch/Otto, German State Aid – Kurzarbeitergeld - Specifics On Insolvency Protection, 15 November 2022 ) and granting subsidies have not prevented all crisis situations and, in these times of recession, we are seeing an increase in the number of insolvency filings.

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