Sir,
DRAFT
Speech by the Hon. J. N. Henderson, OBE, JP Secretary for Education and Manpower
in moving the Second Reading of
the Employment (Amendment) Bill 1985 the Companies (Amendment) (No. 2) Bill 1985, and the Bankruptcy (Amendment) (No. 2) Bill 1985 in the Legislative Council on 4th December 1985
I move that the Employment
(Amendment)
Bill
1985, the Companies (Amendment) (No. 2) Bill 1985 and the
Bankruptcy (Amendment) (No. 2) Bill 1985 be read a second
time.
The
Employment
(Amendment)
Bill 1985 is
intended to introduce a new Part VB into the Employment
Ordinance to require an employer to make, in certain
circumstances, a long service payment to an employee
whose contract of employment is terminated by
dismissal. Since 1974 employees dismissed by reason
redundancy have been eligible for a severance
from their employer, currently
of
payment
at two-thirds of a
month's wages for
for each completed year of service.
In
the case of employees whose contract of employment is
terminated under other circumstances, the Employment
Ordinance merely requires the service of an agreed ΟΙ
statutory period of notice or the payment by the