RIVERSIDE MEATS has gone into voluntary liquidation and has insufficient money to pay the $622,526.46 bill owed to employees.
But that figure is only a portion of almost $8 million owed to its creditors in total.
In a letter to staff on Friday, liquidator Keith Sutherland said there was not enough money to pay employee entitlements.
At this stage it appears that there will be insufficient monies in the liquidation to pay the outstanding superannuation and other employee entitlements, the letter said.
The total bill includes almost $2 million owed to the Australian Taxation Office, almost $500,000 to other unsecured creditors including the Department of Agriculture and Water and almost $5 million to secured credi…
Read the full article at: http://www.riverineherald.com.au/2018/04/09/13156/deep-regret-doesnt-pay-workers
