Former Mfone Employees Protest for Severance Pay

More than 100 former employees of bankrupt mobile phone operator Mfone traveled from three provinces yesterday to protest outside the firm’s shuttered office on Phnom Penh’s Monivong Boulevard demanding their severance pay. Sok Samphorn, an engineer who was employed by Mfone, said employees from Phnom Penh, as well as from Kampot, Kompong Cham and Kompong Spue provinces are demanding that ThaiComp PLC, the parent company of Mfone, take responsibility and provide them with their severance payments. … Currently, 1,092 employees nationwide are waiting for their severance payments, which amounted to about $4.44 million, said Nim Solyda, a former engineer who is now acting as a representative of the workers. Ouk Ry, an Mfone representative, said Mfone’s assets have not yet been liquidated, and until that occurred there is no cash to give former employees. … Mfones remaining assets have been estimated at about $107 million.