Better news for Abattoir workers
WHILE the future looked grim for creditors of the Killarney Abattoir yesterday, it appears employees could fare better.
The Daily News understands that former Killarney Abattoir employees are owed about $1.6 million in entitlements and there is about $1.3 million expected to come in from debtors.
The Federal Government General Employee Entitlements and Redundancy Scheme will top up the outstanding amount.
However, one former employee said outside the creditors’ meeting at Grant Thornton in Brisbane yesterday that they were told there could be up to a 90-day wait for the money.
The man, who did not want to be named, could afford the wait as he is about to start a new job, however, he said the long wait would impact severely on his fellow former employees who had not yet found work.
“I’m starting a new job on Monday but anyone who hasn’t found work is effectively out of pocket for another three months,” he said.
He said while the employees would eventually get their entitlements, the news for creditors from yesterday’s meeting was grim.
“It appears that unsecured creditors unfortunately have no hope,” he said.
The man said even if the abattoir re-opened, some former employees might not try to get their jobs back.
“It would just depend how loyal the people are,” he said.