"The Labour Court has ordered a tech company to pay over half a million US dollars to its Irish founder after the firm failed in its appeal against what it claimed to be an "excessive" unfair dismissal award. It follows a significant ruling by the appellate court that because of his high pay and past track record in business, the sacked CEO was entitled to focus on setting up a new company while jobless, instead of trying to find employment."
"The Labour Court has ordered a tech company to pay over half a million US dollars to its Irish founder after the firm failed in its appeal against what it claimed to be an "excessive" unfair dismissal award. It follows a significant ruling by the appellate court that because of his high pay and past track record in business, the sacked CEO was entitled to focus on setting up a new company while jobless, instead of trying to find employment."
The Labour Court ordered a tech company to pay over half a million US dollars to its Irish founder after the firm lost an appeal against an unfair dismissal award it had described as "excessive". The company unsuccessfully sought to reduce the compensation. An appellate court found that the sacked CEO's high pay and established business track record justified allowing him to concentrate on founding a new company rather than actively seeking employment. The ruling affirms that compensation can reflect realistic post-dismissal prospects and the claimant's capacity to pursue entrepreneurial activity.
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