Trish Keeper, Te Herenga Waka — Victoria University of Wellington
Laid-off Supie staff were paid by an anonymous donor – but many employees never get what they’re owed when a company fails. New Zealand should follow overseas examples to better protect workers.
The outlook is not good for those who may lose their jobs as a result of mining company Arrium going into voluntary administration, according to the latest OECD report.
Voluntary administration was considered a state-of-the-art rescue procedure for struggling companies in 1993. But is is time for another wide-ranging review of our insolvency laws?
“Kodachrome, it gives the nice bright colours, it gives the dreams of summer, it makes you think all the world’s a sunny day.” (Paul Simon, Kodachrome, 1973, from ‘There Goes Rhymin Simon.) Eighteen months…