or government just seizes and sells enough property that they get what they’re owed
Nice. Can you link a case where that actually happened?
About the unions, I’m actually bound to partake in strikes or similar action. You can’t be part of a union and then wuss out when the going gets tough.
Cases where salary was paid by government aren’t directly available online (at least in Finland) but I personally have recieved money trough them and followed the process from the side as my previous employer was bankrupted. Also in here the tax office is the biggest entity which drives companies to dept collection and eventually to bankrupt if they don’t have money. So, yes, it happens pretty much all the time. Most of the time those are businesses which are going down anyways so there’s nothing to get, but there’s no mechanism preventing that happening to any company which doesn’t play by the rules.
When it is cleae it will otherwise come to that, the companies tend to just comply. The thing is, tge value of the seized property is considered to be hiw much it can be sold for, not how useful it is for the company or how much they paid for it.
When Tesla is threatened by seizing a machine used for car manufacturing that they bought for 250 000 €, but there is no other car factory that has a need for another one one of those devices unless its dirt cheap, then it might be the machine will be seized, its valued to have a resale value of 15 000 €, and after the altogether 4000 € of missing salaries to various workers are paid, the remaining 11 000 will be paid back to the company. Which can then buy another machine like that for 250 000 €. Or, if they are lucky maybe buy their noe dismantled machine back?
In any case, that’s such a horribly bad deal for the company that they definitely choose the 90 % cheaper option of just paying their debt to the workers. So, it doesn’t really ever come to actual seizing. Either they can pay the original debt or they can’t because they are bankrupt. Either way, no seizing. But it is absolutely possible to carry it through, should some company really want to be that stupid.
Nice. Can you link a case where that actually happened?
About the unions, I’m actually bound to partake in strikes or similar action. You can’t be part of a union and then wuss out when the going gets tough.
Cases where salary was paid by government aren’t directly available online (at least in Finland) but I personally have recieved money trough them and followed the process from the side as my previous employer was bankrupted. Also in here the tax office is the biggest entity which drives companies to dept collection and eventually to bankrupt if they don’t have money. So, yes, it happens pretty much all the time. Most of the time those are businesses which are going down anyways so there’s nothing to get, but there’s no mechanism preventing that happening to any company which doesn’t play by the rules.
When it is cleae it will otherwise come to that, the companies tend to just comply. The thing is, tge value of the seized property is considered to be hiw much it can be sold for, not how useful it is for the company or how much they paid for it.
When Tesla is threatened by seizing a machine used for car manufacturing that they bought for 250 000 €, but there is no other car factory that has a need for another one one of those devices unless its dirt cheap, then it might be the machine will be seized, its valued to have a resale value of 15 000 €, and after the altogether 4000 € of missing salaries to various workers are paid, the remaining 11 000 will be paid back to the company. Which can then buy another machine like that for 250 000 €. Or, if they are lucky maybe buy their noe dismantled machine back?
In any case, that’s such a horribly bad deal for the company that they definitely choose the 90 % cheaper option of just paying their debt to the workers. So, it doesn’t really ever come to actual seizing. Either they can pay the original debt or they can’t because they are bankrupt. Either way, no seizing. But it is absolutely possible to carry it through, should some company really want to be that stupid.