One of the advantages of a company voluntary arrangement is that the trading state of the business often remains largely unaffected. Generally the intention is for the business to continue to trade and therefore the continuing services of the employees will be required.

Jobs may be at risk if restructuring is required

However, it is possible that as a result of the business review carried out by the directors, it is decided that parts of the business are no longer required or need to be restructured. There may also be a change of management which may or may not be requested by the creditors.

As a result of these changes, jobs may be put at risk within the organization.

If any employees jobs are at risk due to any business restructuring, they must be treated within the normal rules of employment law and as per their contracted terms and conditions.