Right to complete the training course in the event of redundancy for economic reasons. An employee whose employment contract is ended as a result of redundancy for economic reasons shall be entitled to complete a retraining programme which has already begun on the existing terms and conditions. The resulting costs shall be borne by the employer who took the initiative in terminating the employment relationship. In the event of insolvency of the employer, this cost shall be paid by the banking community.
Appears in 3 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Employment Agreement
Right to complete the training course in the event of redundancy for economic reasons. An employee whose employment contract is ended as a result of redundancy terminated for economic reasons shall be entitled to complete a retraining programme which has already begun on the existing terms and conditions. The resulting costs shall be borne by employer, having taken the employer who took the initiative in terminating decision to terminate the employment relationship, shall bear any resulting costs. In the event of insolvency of the employer, this cost shall be paid by the banking communitycommunity shall bear the resulting cost.
Appears in 1 contract
Samples: Collective Bargaining Agreement
