What happens with a fixed term employment contract if an organisation folds?

Answered 7 Aug 2008 by d.head
If an employee has a fixed term contract and the organisation finds itself in the position of folding before the contract date, is the employee treated as being at risk of redundancy and/or are they entitled to be paid for whatever remains of their contract?

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David Head MBA is an experienced manager with knowledge of both the commercial and voluntary sectors. Over 20 years managing teams of various sizes has given him plenty of practical experience to back up his study of employment law and management theory.