With the closure of Christchurch apparel firm, business tycoon, Ken Anderson's business realm has been facing aftereffects in Australia with the shut down of also his sock production plant in Melbourne.
Following his letter addressed to his staff last week, mentioning about the wind up process of his plant's operations, Anderson's 60 employees of Scallywag Socks face a vague future.
As per Union officials the company owes to these employees over AU $500,000 i.e. NZ $623,822 in the form of long service leaves, miscellaneous payments, salaries and superannuation (retirement plan) contributions.
Although, Anderson has promised to pay back the worker's due entitlements in the form of installments, the Textile, Clothing and Footwear Union of Australia have their doubts on this promise.
Lane Walker Rudkin (LWR), Anderson's flagship company, originally provided employment to 470 people at its textile, hosiery, apparel and innerwear factories in Christchurch; clothing factory in Greytown and Pahiatua; sock factory in Timaru and a sports garment factory in Brisbane.
Fibre2Fashion News Desk - India