The recent collapse of Supie highlighted the limited options employees have when businesses fail. Fixing the Companies Act would be a good place to start.
When independent supermarket startup Supie went bust last month the companys 120 employees were told they wouldnt be paid for their last two weeks of work, or receive any of their owed annual leave pay.
The subsequent appointment of voluntary administrators again highlighted New Zealands limited protection for employees when their employer becomes insolvent.
Supies employees are not the first, nor will they be the last, to lose out when their employer goes under. In 2019, staff at restaurant chain Wagamama were owed NZ$50,000 when the company went into liquidation.
In both cases, the w…
Read the full article at: https://thespinoff.co.nz/business/16-11-2023/why-do-nz-workers-have-so-few-protections-when-their-employer-goes-under