Redundancy Insurance: The Workers’ Party’s proposal for a resilient 21st century workforce

The Workers’ Party proposes a Redundancy Insurance scheme to ease the financial pressure on workers who are made redundant, to provide them with a longer runway to find suitable re-employment and to minimise the toll of unemployment on the health and well-being of their families. Under the scheme, employers and employees will contribute a combined 0.1% of monthly salary, and workers will receive a modest payout should they be made redundant.

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