|Issue No 90||30 March 2001|
Grenadier Workers Maintain Vigil
There hasn't been much cause to celebrate in recent weeks, but Grenadier Coatings workers will have a party this Saturday young Brayden Groves celebrates his first birthday on the picket line.
Brayden's parents are among the 61 workers who were sacked when the company went broke, owed more than $650,000 in unpaid entitlements.
Meanwhile, the companies Administrator this week delivered a report which alleges that the sole director of Chircan Holdings Pty and Mahiya Holdings P/L (Administrator Appointed) (Receivers and Managers Appointed) formerly trading in partnership as trading as Grenadier Coatings has:
- granted unfair preference to certain creditors
- been trading insolvent since at least 30 June 2000
The Administrator further reports the quantum of the claim against the director is estimated at $3.3 million. The Administrator has requested the Director provide a statement of his financial position.
The Director maybe sued under section 558G of the Corporations Law if the Administrator places the Company into liquidation.
TCFEU organizer David Tritten says a creditors meeting will be held on Monday. At this stage the Administrator appears to want to continue to find a buyer for the plant and stock.
"The Administrator has not ruled out selling the Company as a going concern however substantial capital injection would be required," Tritten says.
" If he is successful this would provide an opportunity for the workers to realise a greater proportion of their entitlements.
"However, the TCFUA is mindful that with each day the Companies continue to be in Administration any monies that might be returned to workers (in the event the Companies are liquidated at the end of the day) is eaten away by the costs of the Administration.
The Union and its members are considering their options in the lead up to Monday's creditors meeting.
Interview: On the Up and Up
On the eve of new figures showing the slide in union membership may be bottoming out, ACTU secretary Greg Combet takes stock of the state of the movement.
Unions: Organising Theory
Labor Council’s Chris Christodoulou reports back from this week’s ACTU Organising Conference
Economics: The Failure of the Third Way
In his presentation to this week's ACTU Organising Conference, John Buchanan painted a dark picture of the emerging labour market.
History: Emblems of Unity
The Gregory J. Smith Collection of Trade Union badges was auctioned today in Sydney. Smith compiled a book on 763 of his remarkable collection which was published in 1992.
Legal: Della's Compo Plan
Labour lawyer Richard Brennan places the NSW workers compensation reforms under the microscope.
International: East Timor Goes Union
Workers in the fledgling nation have established their equivalent to the ACTU to build a safety net for workers.
Satire: Management for the Post-Industrial World
A new management fad is sweeping the post-industrial world, which has major social and political implications at the macro and micro level. We have called it "Purge Management Strategy" (PMS).
Review: Surviving The Temptations of TV Island
Cultural analyst Mark Morey rakes over the coals of American TV culture to find very little is there.
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Last Modified: 15 Nov 2005