Generally, when these occur workers' lose all of their accrued entitlements: redundancy pay, long service leave, annual leave and sick leave.
The Australian Manufacturing Workers Union is campaigning - as it has been for nearly ten years now - to reform Australia's industrial and corporate law to secure the protection of all workers' entitlements in the event of bankruptcy, job losses and redundancies.
At the same time it seeks to bargain new clauses into collective agreements that secure these entitlements into a trust fund account, in the name of each worker: the NEST scheme.
Click here to see the union's latest video: http://www.youtube.com/watch?v=7rh621RWKHQ and follow the links to more information about the campaign.
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