Unpaid staff may be ahead of most creditors when a company goes belly up – but will they ever see a dime?
[SINGAPORE] The sudden closure of Twelve Cupcakes last week once again shone the spotlight on axed workers left in the lurch, unsure if they will receive owed salaries and Central Provident Fund (CPF) contributions. The closure affecting the bakery chain’s 80 staff is only the tip of the iceberg. From Jan 1 to Oct 23,…

