Closure Fund - Workers' Compensation Process and Financing

general assembly on June 19, 2019

In its report to the Federal Parliament, the Court of Audit examines the process for compensating workers made redundant in the event of company closure and the financing of the Closure Fund. The Fund has committed to a continuous improvement process with a view to reducing the time required to pay the compensations. To improve the effectiveness of public policy, the Fund could proactively contact workers who do not exercise their right. But it could also play a part as an economic and social shock absorber, by proposing employer contribution rates that take into account the economic situation.