Innovative debt relief benefits: They can help attract, keep workers – Hr Morning

Employee surveys show that financial worry is a leading cause of workplace stress in the U.S., contributing to $250 billion in stress-related lost productivity each year. Because employee debts the biggest contributor to those worries, more firms are looking at offering debt relief benefits alongside more traditional benefits. Debt assistance is also proving a powerful…

Hunter electrical company, Vallec, goes under owing more than $3million, with no money in the bank and only 63 cents in cash – Newcastle Herald

newsletters, editors-pick-list, vallec, tobias McCosker, liquidation, electrical, Toby McCosker, Sydney Swans A HUNTER electrical company that sponsored the Sydney Swans AFL team has gone into liquidation owing more than $3 million, including more than $250,000 in entitlements to 14 employees. Vallec, Vallec EP and Vallec MP were voluntarily placed in the hands of a liquidator…

Hunter electrical company, Vallec, goes under owing more than $3million, with no money in the bank and only 63 cents in cash – Newcastle Herald

newsletters, editors-pick-list, vallec, tobias McCosker, liquidation, electrical, Toby McCosker, Sydney Swans A HUNTER electrical company that sponsored the Sydney Swans AFL team has gone into liquidation owing more than $3 million, including more than $250,000 in entitlements to 14 employees. Vallec, Vallec EP and Vallec MP were voluntarily placed in the hands of a liquidator…

Jet Airways fallout: Cross-border insolvency norms to be amended – The Financial Express

The initiation of insolvency proceedings against Jet Airways by a Dutch court has prompted the government to strengthen Indias cross-border insolvency norms. The insolvency law committee, which monitors the implementation of the Insolvency and Bankruptcy Code (IBC) and suggests changes, will meet on June 12 to deliberate upon the amendments to deal with cross-border insolvency,…