That explains why they weren't able to take my credit card and why they were just randomly price-reducing things while I took them off shelves on Saturday. I think I bought four CDs and two DVDs for about £30.
If the company really can't pay its employees is there some statutory cover for that? Or do they just lose out on a month's pay. Seems like the sort of thing you'd know.
Reasonably Sound Condescending link to the first hit from google. (http://www.insolvencyhelpline.co.uk/ltd-companies/what-happens-to-your-employees.htm)
Since they aren't four months behind on pay they won't even be preferred creditors. This puts me in mind of when Claims Direct Realised its Karma closed down, and the employees simply turned up and looted the offices.
But they can apply to the DTI for statutory redundancy pay, which is a far better deal than a lot of pension contributors got.
As for impulse buying of CDs? Well the market in SUSU will reopen this autumn... and I hate to say it but I found a lot of discs cheaper at HMV.
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zvi and
no subject
Date: 2007-06-29 03:08 pm (UTC)If the company really can't pay its employees is there some statutory cover for that? Or do they just lose out on a month's pay. Seems like the sort of thing you'd know.
no subject
Date: 2007-06-29 04:24 pm (UTC)Condescending link to the first hit from google. (http://www.insolvencyhelpline.co.uk/ltd-companies/what-happens-to-your-employees.htm)
Since they aren't four months behind on pay they won't even be preferred creditors. This puts me in mind of when Claims Direct
Realised its Karmaclosed down, and the employees simply turned up and looted the offices.But they can apply to the DTI for statutory redundancy pay, which is a far better deal than a lot of pension contributors got.
As for impulse buying of CDs? Well the market in SUSU will reopen this autumn... and I hate to say it but I found a lot of discs cheaper at HMV.
post mortem conducted elsewhere
no subject
Date: 2007-06-29 04:51 pm (UTC)The market in SUSU is pretty poor, both that for CDs and that for books (especially that for books).