employers can only be fined maximum of £ 5,000 for job cuts when it went bust . When a company intends to make more than 100 staff redundant , there is a statutory limit for consultation of 45 days . 2,586 workers lost jobs , with many hearing of complaints on Christmas Day . MPs say it is ' clearly in the financial interests of a company to break the law ’ But employers can take the firm to employment tribunal which if successful can make a ‘ protective award ’ of up to 90 days pay .
Firm can only be fined maximum of £5,000 for job cuts when it went bust . When a company intends to make more than 100 staff redundant , there is a statutory period for consultation of 45 days . 2,586 workers lost jobs , with many hearing of collapse on Christmas Day . MPs say it is 'clearly in the financial interest of a company to break the law ’ But workers can take the firm to employment tribunal which if successful can make a ‘ protective award ’ of up to 90 days pay .