CERTYNEX IFRS ACADEMY

On 2 December 20X5, the regional bank Dauvrane approves a detailed plan to close 18 rural branches (list of branches, about 90 jobs by function, costs, timetable in the first half of 20X6). On 15 December, it gives the plan to the employee representatives and informs each customer concerned by letter of the closure dates. Is there a constructive obligation at 31 December 20X5?

No, as no closure work has begun.

No, because the announcement was not published in the press.

Yes: a detailed plan and a specific announcement to those affected before the reporting date.

Yes, but only for the branches closing in January.