TNAG-1364-FCO40-1810-Hong-Kong-Hansard-reports-and-minutes-of-the-meetings-of-the-1986 — Page 96

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