THe company has been running since March 2014 empolyees have had contracts since then
Do they have any contractual notice periods when their employment gets terminated?
Hi, if you are closing the company then that would amount to a redundancy situation. You would therefore have to make your employees redundant and you would have certain liabilities to make payments to terminate their employment. These would include:
As long as you ensure these payments are made then the employees would not have any grounds to issue court proceedings against you or the company.
Hope this clarifies your position? If you could please let me know that would be great, thank you