Doughnut Time is going into liquidation despite its new chief executive saying he would buy the company and “turn it around”.
Its workers, who are owed more than an estimated $200,000 in unpaid wages, have also been kept in the dark.
None of the workers were told that the troubled dessert chain went into voluntary administration last Friday, and had appointed Michael Caspaney, the principal of Menzies Advisory, as its liquidator.
The ABC confirmed this by accessing ASIC’s insolvency notices, followed by a telephone call to Mr Caspaney.
Only told by middle management
Instead, the workers found out about the company’s liquidation by an email from middle management just before the weekend.
“Today has been the last day of Doughnut Time,” …
Read the full article at: http://www.radioaustralia.net.au/international/2018-03-13/doughnut-time-enters-liquidation-workers-to-claim-taxpayerfunded-compensation/1742176
