article_snippet: Firm broke the law when Firm went bust over Christmas – but Firm can only be fined a maximum of £5,000.
article_snippet: A report also said firms were incentivised to ‘ignore the statutory redundancy consultation period, if the fine for doing so is less than the cost of continuing to trade, especially since this fine will anyway be paid by the taxpayer’.
article_snippet: The Redundancy Payments Service can fine firms up to £5,000 if The Redundancy Payments Service fail to register a consultation, but the financial benefit to firms of trading on regardless can be significantly higher than this fine.
article_snippet: Employees were denied a reasonable notice period in which to seek alternative employment’, Ian Davidson MP (pictured) said.
article_snippet: The workers can take the firm to an employment tribunal which if successful can make a ‘protective award’ of up to 90 days pay for each employee that was not consulted.
highlights_snippet: Firm can only be fined maximum of £5,000 for job cuts when it went bust .
  
highlights_snippet: But workers can take Firm to employment tribunal which if successful can make a ‘protective award’ of up to 90 days pay .