"In a briefing yesterday, staff were told to prepare for the possibility that they may not receive all of their entitlements. That doesn't bode well for anyone following the banks. "
To make that clearer, staff were advised that all accrued entitlements up to the moment of administration were know within the realms of "unsecured creditors" just like their redundancy payouts.
Hows that for a slap in the face!
"In a briefing yesterday, staff were told to prepare for the...
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