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CYP-2001-L-60223
Breadcrumb
Title_of_text
Act No. 25(I) of 2001 to regulate the protection of employees' rights in the event of the employer's insolvency.
Main Region
First Region
Country(ies)
Cyprus
Subjects (Classification)
Wages
Adopted on (Date of text)
2001-03-09
Scope of text
National
Type of legislation (Type of text)
Law, Act
Second Region
Abstract/Citation
Includes all persons employed under a labour contract or an apprenticeship. Persons working under circumstances presumed as a working relationship are also considered as employees, but not those working for the Government of the Republic of Cyprus. Establishes a special Fund for the protection of employees' rights in the event of an employer's insolvency. The termination of employment due to an employer's insolvency gives the right to a compensation financed by the special Fund only if the working period of the employee covers twenty-six weeks before the date of the insolvency, with exceptions. The compensation covers the day wages of the last thirteen weeks of work, the percentage equivalent to the annual leave and the percentage equivalent to the thirteenth or fourteenth wage, and dues before the insolvency date. The calculation of the weekly wage does not take into consideration any sum superior to the weekly sum of the basic insurance revenues multiplied by four, as this is defined according to the Social Security acts from 1980 to 1999.
Amending Text region
Amending text(s)
2006-02-24 (CYP-2006-L-81231)
Law 14(I) of 2006, amending Law No. 25(I) of 2001 to regulate the protection of employees' rights in the event of the employer's insolvency.
Amending text(s)
2006-04-28 (CYP-2006-L-81254)
Law 89(I) of 2006, amending Law No. 25(I) of 2001 to regulate the protection of employees' rights in the event of the employer's insolvency.
Amending text(s)
2014-02-14 (CYP-2014-L-100590)
Law N° 13(I) of 2014 amending the Law on the protection of employees' rights in the event of the employer's insolvency.
Serial region
Serial title
Epissimos ephimeris tis Dimocratias, Part I
Date
2001-03-09
Number
No. 3480
Page range
pp. 50-53