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    Supie collapse: the employment implications
    2023-11-30

    Last month, online supermarket Supie went into voluntary administration, owing $2.1 million to more than 4,000 creditors with only $179,000 left in the bank. 118 employees of Supie found out not only that they had lost their jobs, but that it was unlikely they would be paid for their last 2 weeks of work, or for any outstanding holiday pay.

    Thanks to an anonymous donor, some wages were able to be paid out. However, the first liquidators report shows that $120,797 in wages and holiday pay is still outstanding to 89 employees. So, what are employees of a failed company entitled to?

    Filed under:
    New Zealand, Employment & Labor, Insolvency & Restructuring, Lane Neave, Liquidation
    Authors:
    Gwen Drewitt
    Location:
    New Zealand
    Firm:
    Lane Neave
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