Protecting Against Job Redundancies
The Employment Insurance System (EIS) is designed to offer temporary financial support for up to 6 months to workers who experience sudden redundancy, down-sizings, or business bankruptcies.
Alongside job-search subsidies, the system matches workers with professional recruiters and fully covers job search and career re-training programs, helping individuals re-enter the workforce.
Limits of Redundancy Insurance Coverage
EIS protection applies strictly to involuntary layoffs. In accordance with PERKESO guidelines, you cannot file claims if you resign voluntarily from your post, terminate by mutual consent, or are dismissed due to proven personal misconduct.
It is a statutory safety net built to support employees facing sudden transition crises.