Federation of Trade Unions of Belarus urges to introduce insurance of risk of non-payment of salary in case of bankruptcy

The Federation of Trade Unions of Belarus calls for the speedy implementation of a mechanism to insure the risk of non-payment of salaries in case of bankruptcy of an organization, Federation Chairman Mikhail Orda told reporters, BelTA has learned.

“If in the case of delay in wages for a short period the issue is resolved, then in cases where the company goes bankrupt, we see a growing problem,” said Mikhail Orda. There are cases when people are waiting for their legal wages and loose it at all. Therefore, trade unions insist on speedy adoption of the document that would determine the mechanism for compensation of these losses. I mean the insurance of risks of non-payment of wages. ”

According to the chairman, the introduction of this protection mechanism will allow the employee to receive a guaranteed income for a certain period during the bankruptcy of the debtor-employer, to ensure the timely transfer of insurance premiums, which is the guarantee of pension provision. This type of insurance exists quite successfully in some neighboring countries.

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