Showing posts with label Voluntary Administration. Show all posts
Showing posts with label Voluntary Administration. Show all posts
Tuesday, November 14, 2023
Trish Keeper: NZ workers have few protections if their employer goes bust
Labels: Companies Act, Liquidation, Trish Keeper, unemployment, Voluntary AdministrationFixing the Companies Act would help
When independent supermarket startup Supie went bust last month, the company’s 120 employees were told they wouldn’t be paid for their last two weeks of work, or receive any of their owed annual leave pay.
The subsequent appointment of voluntary administrators again highlighted New Zealand’s limited protection for employees when their employer becomes insolvent.
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