Mfone workers paid, a little

25 July 2013
The Phnom Penh Post
Economy and commerce / Judiciary and courts
bankruptcy / Chinese aid / compensation / Eltek Valere Ltd / Embassy of Thailand / Huawei Technologies Co. Ltd. / Kouy Thunna / Labor Law Violation / labour / Mfone / Mfone Company / Monivong Boulevard / Ouk Ry / Phnom Penh / Phnom Penh Municipal Court / protests / Shenington Investments / Singapore embassy / telecom services providers / telecommunication companies / telecommunication firms / telecommunications / Thaicom / Thaicom Public Co. Ltd.

After months of protests, more than 1,000 former Mfone employees yesterday received just 10 per cent of the $4.4 million they were demanding in compensation after the telecom company filed for bankruptcy in January. ...

Court-appointed administrator Ouk Ry, entrusted with the sale of Mfone’s assets, said he sold enough items to date to pay former employees $440,000. ...

Former Mfone staff in Phnom Penh received compensation first, while employees in the provinces would receive their 10 per cent in the next three days. ...

Mfone is estimated to have accrued more than $160 million in debt before it went bankrupt. Creditors include Norwegian-owned electronics firm Eltek Valere and Chinese telecoms equipment provider Huawei Technologies. ...

http://www.phnompenhpost.com/business/mfone-workers-paid-little